Lido, an Ethereum staking provider, reported a 23% decline in annual revenue to $40.5 million in 2025, down from $52.4 million in 2024. The drop is attributed to staking outflows, reduced staking APR, and increased competition from spot ETH ETFs, treasury firms, and centralized exchanges. Despite the challenges, Lido maintained a 24% market share but plans to diversify by expanding institutional channels, its Lido Earn product, and validator marketplace in 2026. Additionally, Lido aims to strengthen economic alignment with its LDO token through a proposed $10 million annual buyback program expected to be formalized in Q2 2026.
Lido Finance has reintroduced its Integrated Fast Swaps feature, allowing users to instantly swap stETH into ETH, USDC, or WBTC via CoWSwap's batch auction system without waiting in Ethereum's traditional withdrawal queue. This feature completes tran...
Ethereum's Pectra upgrade raised the validator balance cap from 32 ETH to 2,048 ETH and introduced native compounding of staking rewards, aiming to reduce validator sprawl and improve efficiency. However, consolidation of validators is progressing sl...
