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Lido(LDO)

Total Value Locked$24.281b

TVL by Chain

Ethereum$24.276b

Solana$5.51m

Terra Classic$0

Moonriver$0

Moonbeam$0

Key Metrics

Fees 30d$52.1m

Fees 30d by chain

Ethereum$52.1m

Fees 7d$11.76m

Ethereum$11.76m

Fees 24h$1.66m

Ethereum$1.66m

Cumulative Fees$3.385b

Ethereum$3.385b

Revenue 30d$3.22m

Revenue 30d by chain

Ethereum$3.22m

Revenue 7d$720,923

Ethereum$720,923

Revenue 24h$101,309

Ethereum$101,309

Cumulative Revenue$173.34m

Ethereum$173.34m

Holders Revenue 30d$2.25m

Holders Revenue 30d by chain

Ethereum$2.25m

Holders Revenue 7d$0

Ethereum$0

Holders Revenue 24h$0

Ethereum$0

Cumulative Holders Revenue$7.06m

Ethereum$7.06m

Incentives 1y$4.02m

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$891.64m

Earnings (Annualized)$31.16m

Earnings 30d$3.22m

Earnings 7d$720,923

Earnings 24h$101,309

Cumulative Earnings-$718.3m

Market Cap$344.51m

$LDO Price$0.42

All Time High$7.30

All Time Low$0.24

View $LDO token page

Fully Diluted Valuation$415.29m

Outstanding FDV$419.01m

$LDO Volume 24h$62.94m

CEX Volume$32.53m

DEX Volume$35.15m(55.84% of total)

Treasury$130.64m

Majors$57.41m

Stablecoins$23.09m

Own Tokens$50.13m

Others$20,372

Total Raised$167m

May 5, 2021$73mRound: Private token saleInvestors: Paradigm, Coinbase Ventures, 3AC, Jump Trading, Alameda Research, DCG

Mar 3, 2022$70mRound: Investors: a16z

Sep 14, 2022$24mRound: Treasury DiversificationInvestors: Dragonfly Capital

Annual Operational Expenses$16.81m

Headcount83

OpEx$8.45m

Salaries$8.37m

Sourceshttps://research.lido.fi/t/lido-dao-core-contributors-provisional-budget/2556

NotesBudget set in July 2022

Last UpdateApr 29, 2023

Protocol Information

Liquid staking for Ethereum and Polygon. Daily staking rewards, no lock ups.

Website GitHub X/Twitter Safe Harbor Agreement

Category:Liquid Staking

Audits:

Methodology

TVL: Staked tokens are counted as TVL based on the chain that they are staked on and where the liquidity tokens are issued, stMATIC is counted as Ethereum TVL since MATIC is staked in Ethereum and the liquidity token is also issued on Ethereum.Fees: Staking rewards earned by all staked ETH Revenue: Lido takes a 10% fee on staking rewards; Revenue is only the DAO-treasury portion of that fee (net of the node-operator share, which is a cost of production booked as SupplySideRevenue). From Lido V2 (2023-05-15) the treasury/operator split is the validator-share-weighted aggregate read live from the StakingRouter; before V2 the split was a fixed 5%/5%, so half the fee is treasury.Holders Revenue: Tracks LIDO bought back by the DAO as part of the LDO Accumulation Program

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Treasury: Value of tokens owned by the protocol

Yields

Pools Tracked1

Average Supply APY2.25%

User Activity

Active Addresses (24h)248

Transactions (24h)294

Competitors

Stafi ($4.77m)TruStake ($3.12m)Omni Liquid Staking ($225,454)Binance staked ETH ($9.309b)ether.fi Stake ($4.769b)Sanctum Validator LSTs ($1.786b)Rocket Pool ($1.307b)Jito Liquid Staking ($1.117b)Binance Staked SOL ($1.086b)StakeWise V3 ($946.91m)

Income statement for Lido

YearlyQuarterlyMonthlyCumulative

	Q4 2026*	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Gross Protocol Revenue	$20.68M	$127.9M	$125.23M	$150.09M	$221.43M	$256.07M	$157.29M	$211.53M	$251.37M	$234.3M	$279.37M	$269.04M	$184.27M	$155.24M	$161.24M	$117.01M	$91.94M	$74.52M	$90.56M	$72.17M	$82.56M	$38.14M	$12.63M
Staking Rewards	$20.63M	$126.13M	$117.44M	$139.68M	$204.37M	$237.59M	$138.37M	$175.65M	$213.58M	$194.14M	$227.94M	$208.41M	$139.85M	$117.83M	$114.97M	$80.53M	$63.9M	$72.41M	$90.56M	$72.17M	$82.56M	$38.14M	$12.63M
MEV Rewards	$46.69K	$1.78M	$7.79M	$10.42M	$17.07M	$18.48M	$18.92M	$35.88M	$37.79M	$40.16M	$51.43M	$60.63M	$44.42M	$37.41M	$46.28M	$36.48M	$28.04M	$2.1M	$0	$0	$0	$0	$0
Cost of Revenue	$19.41M	$119.96M	$117.54M	$140.79M	$210.5M	$243.59M	$149.58M	$201.09M	$238.91M	$222.61M	$265.41M	$255.59M	$175.06M	$147.48M	$153.18M	$111.16M	$87.34M	$70.79M	$86.03M	$68.56M	$78.44M	$36.23M	$12M
Staking rewards to ETH stakers	$18.57M	$113.51M	$105.7M	$125.71M	$183.93M	$213.83M	$124.53M	$158.08M	$192.22M	$174.73M	$205.14M	$187.56M	$125.87M	$106.05M	$103.47M	$72.48M	$57.51M	$65.17M	$81.51M	$64.95M	$74.31M	$34.33M	$11.37M
MEV rewards to ETH stakers	$42.02K	$1.6M	$7.01M	$9.38M	$15.36M	$16.64M	$17.03M	$32.29M	$34.01M	$36.14M	$46.29M	$54.57M	$39.98M	$33.67M	$41.65M	$32.83M	$25.24M	$1.89M	$0	$0	$0	$0	$0
Staking rewards to node operators	$796.65K	$4.78M	$4.53M	$5.31M	$10.33M	$12.18M	$7.05M	$8.9M	$10.77M	$9.72M	$11.41M	$10.42M	$6.99M	$5.89M	$5.75M	$4.03M	$3.2M	$3.62M	$4.53M	$3.61M	$4.13M	$1.91M	$631.7K
MEV rewards to node operators	$1.8K	$67.42K	$300.6K	$396.57K	$874.12K	$947.56K	$964.18K	$1.82M	$1.91M	$2.01M	$2.57M	$3.03M	$2.22M	$1.87M	$2.31M	$1.82M	$1.4M	$105.09K	$0	$0	$0	$0	$0
Gross Profit	$1.27M	$7.94M	$7.69M	$9.3M	$10.93M	$12.48M	$7.71M	$10.43M	$12.46M	$11.7M	$13.96M	$13.45M	$9.21M	$7.76M	$8.06M	$5.85M	$4.6M	$3.73M	$4.53M	$3.61M	$4.13M	$1.91M	$631.7K
Staking Rewards	$1.27M	$7.83M	$7.21M	$8.65M	$10.1M	$11.58M	$6.78M	$8.66M	$10.59M	$9.69M	$11.39M	$10.42M	$6.99M	$5.89M	$5.75M	$4.03M	$3.2M	$3.62M	$4.53M	$3.61M	$4.13M	$1.91M	$631.7K
MEV Rewards	$2.87K	$110.37K	$478.08K	$645.36K	$832.65K	$900.91K	$927.66K	$1.77M	$1.87M	$2M	$2.57M	$3.03M	$2.22M	$1.87M	$2.31M	$1.82M	$1.4M	$105.09K	$0	$0	$0	$0	$0
Incentives	$0	$247.27K	$0	$902.88K	$2.87M	$491.52K	$13.98K	$3.1M	$2.4M	$2.87M	$2.92M	$4.78M	$1.75M	$2.36M	$18.82M	$23.41M	$13.7M	$40.48M	$42.87M	$42.07M	$53.64M	$85.87M	$526.58M
Ethereum Incentives	$0	$247.27K	$0	$902.88K	$2.87M	$491.52K	$13.98K	$3.1M	$2.4M	$2.87M	$2.92M	$4.78M	$1.75M	$2.36M	$18.63M	$22.2M	$12.82M	$40.48M	$42.87M	$42.07M	$53.64M	$85.87M	$526.58M
Optimism Incentives	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$101.3K	$608.9K	$474.46K	$0	$0	$0	$0	$0	$0
Arbitrum Incentives	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$90.93K	$596.45K	$411.48K	$0	$0	$0	$0	$0	$0
Earnings	$1.27M	$7.69M	$7.69M	$8.4M	$8.06M	$11.99M	$7.7M	$7.33M	$10.06M	$8.83M	$11.04M	$8.67M	$7.46M	$5.4M	-$10.76M	-$17.56M	-$9.11M	-$36.75M	-$38.35M	-$38.46M	-$49.51M	-$83.97M	-$525.95M
Token Holder Net Income	$0	$5.11M	$1.95M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
LDO Accumulation Program	$0	$5.11M	$1.95M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Income flow visualization

YearlyQuarterlyMonthlyCumulative

Frequently asked questions

What is Lido's TVL?

Lido currently has $24.281b in total value locked. TVL has decreased 0.9% over the past 30 days.

What chains does Lido operate on?

Lido operates on 5 chains: Ethereum, Solana, Terra Classic, Moonriver, and Moonbeam. Ethereum holds the largest share at 100%.

How much has Lido generated in fees and revenue?

Over the past 30 days, Lido generated $52.1m in fees. Of that, $3.22m was protocol revenue. Based on the trailing year, the annualized rate is $605.19m in fees and $35.19m in revenue.

What is the LDO token price and valuation?

LDO is currently trading at $0.42. Its circulating market capitalization is $344.51m, ranking it #192. Its fully diluted valuation is $415.29m. Supply currently stands at 829.57m circulating, 1b total supply, 1b maximum supply.

How has LDO performed recently?

LDO is down 11.7% over the past 7 days and up 12.2% over the past 30 days. Its all-time high is $7.30, reached on Aug 20, 2021. The token is currently 94.3% below that level.

How does Lido's TVL compare to similar protocols?

Among Liquid Staking protocols tracked by DefiLlama, Lido ranks #1 by TVL. The category holds $56.541b across 265 protocols, and Lido accounts for 42.9% of that total. Other leading protocols include Stafi, TruStake, Omni Liquid Staking, Binance staked ETH, ether.fi Stake, Sanctum Validator LSTs, Rocket Pool, Jito Liquid Staking, Binance Staked SOL, and StakeWise V3.

How many yield pools does Lido have?

DefiLlama tracks 1 Lido yield pool with an average APY of 2.2%.

Does Lido have a treasury?

Lido has a tracked treasury currently valued at $130.64m. Its holdings include $23.09m in stablecoins, $57.41m in major assets, $50.13m in its own tokens, $20,372 in other assets.