Lido's TVL drops $414M but strong inflows and record holder income suggest bullish outlook.

Lido (LDO) saw its total value locked (TVL) fall by $414 million to $17.573 billion, continuing a 30-day pattern of fluctuations amid broader crypto market weakness. Despite the drop, daily inflows averaged $104.74 million over the past month, indicating ongoing investor interest. Token holder income hit a record $2.08 million in July, supported by steady fee generation near $1.2 million daily, which helps manage token supply through buybacks. Rising daily active users also point to growing network utility, suggesting the recent price decline may be temporary and the long-term outlook remains bullish.