{"id":534035,"date":"2023-05-19T14:30:49","date_gmt":"2023-05-19T14:30:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=534035"},"modified":"2023-05-19T14:11:43","modified_gmt":"2023-05-19T14:11:43","slug":"lido-eth-deposits-reach-record-high-amidst-steth-withdrawals","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/defi\/lido-eth-deposits-reach-record-high-amidst-steth-withdrawals\/","title":{"rendered":"Lido&#8217;s ETH Deposits Reach Record High Amid Stagnant stETH Withdrawals"},"content":{"rendered":"<p><span class=\"selectable-text copyable-text\">Lido (LDO), the leading liquid staking derivatives (LSD) protocol, recently made waves in the crypto community by enabling staked ETH (stETH) withdrawals. Expectations were high as many anticipated a surge in stakers unstaking their ETH. <\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">However, contrary to these predictions, <a href=\"https:\/\/ktsl888.com\/altcoin\/lido-ldo-bulls-lock-horns-for-rally-this-week-ahead-of-v2-update\/\" target=\"_blank\" rel=\"noopener \">Lido<\/a> has witnessed a remarkable increase in ETH deposits, <a href=\"https:\/\/ktsl888.com\/all\/lido-dao-records-biggest-network-transaction-in-2-years-santiment\/\" target=\"_blank\" rel=\"noopener \">reaching a record-breaking level<\/a>. This surge has also been reflected in the protocol&#8217;s native token which has recorded a rally of more than 20% in the past week.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/lido-surges-in-single-day-maintains-dominance-in-liquid-staking\/\" target=\"_blank\" rel=\"noopener \">Lido (LDO) Surges 16% In Single Day, Maintains Dominance In Liquid Staking Market<\/a><\/div>\n<h2><span class=\"selectable-text copyable-text\">ETH Deposits Soar to New All-Time High<\/span><\/h2>\n<p><span class=\"selectable-text copyable-text\">Despite the introduction of stETH withdrawals, Lido experienced a surge in ETH deposits, defying expectations of widespread unstaking. On Friday, the platform witnessed a significant milestone as the total number of ETH deposited hit an all-time high.<\/span><\/p>\n<div class=\"related-reading-shortcode\">\n<figure id=\"attachment_534047\" aria-describedby=\"caption-attachment-534047\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-534047\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-19-at-14.59.16.png?resize=460%2C231\" alt=\"ETH Staked on LSDs over time\" width=\"460\" height=\"231\"><figcaption id=\"caption-attachment-534047\" class=\"wp-caption-text\">ETH Staked on LSDs over time. | Source: <a href=\"https:\/\/query.nansen.ai\/public\/dashboards\/Hk93n66vsO0uvycfui8ypF2xcpNhpraxfwX5AWZJ\" target=\"_blank\" rel=\"noopener nofollow\">Nansen<\/a><\/figcaption><\/figure>\n<\/div>\n<p><span class=\"selectable-text copyable-text\">According to <a href=\"https:\/\/lido.fi\/ethereum\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> provided by Lido, an astounding 6,373,289 ETH is currently staked with Lido, equivalent to more than $11.5 billion. Interestingly, while ETH deposits on Lido continue to soar, stETH withdrawals have remained stagnant around the 450,000 ETH mark, as reported by <a href=\"https:\/\/query.nansen.ai\/public\/dashboards\/Hk93n66vsO0uvycfui8ypF2xcpNhpraxfwX5AWZJ\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> from Nansen. <\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">It is worth noting that these withdrawal requests have yet to be processed, contributing to the overall stability of stETH withdrawals. This trend raises questions about the anticipated unstaking frenzy, prompting a closer examination of the factors influencing stakers&#8217; decisions.<\/span><\/p>\n<p><span class=\"selectable-text copyable-text\">As the most significant liquid staking derivatives protocol, Lido holds an impressive 75% market share, surpassing its competitors in the <a href=\"https:\/\/ktsl888.com\/news\/lido-surges-in-single-day-maintains-dominance-in-liquid-staking\/\" target=\"_blank\" rel=\"noopener \">Liquid staking (LSD) space<\/a>. Notably, according to data from Nansen, Coinbase and Rocket Pool trail behind, occupying the second and third positions.<\/span><\/p>\n<p>Furthermore, while it may sound like positive news that ETH deposit is surging while withdrawal flattens, it is worth noting there are several reasons behind this so as not to get carried away. On the one side, the stabilized withdrawal can be attributed to <span class=\"selectable-text copyable-text\">the pending processing of withdrawal requests.<\/span><\/p>\n<p>On the other side, it can be attributed to<span class=\"selectable-text copyable-text\">\u00a0stakers&#8217; long-term commitment to the protocol and the attractiveness of Lido&#8217;s offerings amidst the volatile crypto landscape. <\/span><\/p>\n<h2>Lido Surges 20% In The Past Week<\/h2>\n<p>Along with its surge in market share, Lido native\u00a0token LDO&#8217;s price has <a href=\"https:\/\/ktsl888.com\/altcoin\/lido-dao-ldo-surges-nearly-20-in-the-past-7-days-heres-why\/\" target=\"_blank\" rel=\"noopener \">experienced an upward trend<\/a>\u00a0in the past week up by more than 20%. Lido has surged from a low of $1.81 seen last Friday to trading as high as $2.48 on Wednesday.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/altcoin\/lido-dao-ldo-surges-nearly-20-in-the-past-7-days-heres-why\/\" target=\"_blank\" rel=\"noopener \">Lido DAO (LDO) Surges Nearly 20% In The Past 7 Days, Here\u2019s Why<\/a><\/div>\n<p>LDO market capitalization has also recorded huge gains in the past 7 days. LDO&#8217;s market cap has surged 20.7% from a cap low of $1.5 billion to a high of over $2 billion on Wednesday. Meanwhile, LDO&#8217;s daily trading volume has only continued to range between $60 million and $100 million throughout the week.<\/p>\n<figure style=\"width: 2768px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/ibHB9zFj\/\" alt=\"Lido DAO (LDO)\u2019s price chart on TradingView\" width=\"2768\" height=\"1556\"><figcaption class=\"wp-caption-text\">Lido DAO (LDO)\u2019s price is moving sideways on the 1-Day chart. Source: LDO\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=KUCOIN%3ALDOUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Interestingly, the asset has plunged over the past 24 hours down by 4.4%. LDO currently trades slightly above $2 with a price of $2.18 at the time of writing with a 24-hour trading volume of $62.1 million.<\/p>\n<p>Featured image from Analytic Vidhya, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lido (LDO), the leading liquid staking derivatives (LSD) protocol, recently made waves in the crypto community by enabling staked ETH (stETH) withdrawals. Expectations were high as many anticipated a surge in stakers unstaking their ETH. However, contrary to these predictions, Lido has witnessed a remarkable increase in ETH deposits, reaching a record-breaking level. This surge has also been reflected in the protocol&#8217;s native token which has recorded a rally of more than 20% in the past week. Related Reading: Lido (LDO) Surges 16% In Single Day, Maintains Dominance In Liquid Staking Market ETH Deposits Soar to New All-Time High Despite the introduction of stETH withdrawals, Lido experienced a surge in ETH deposits, defying expectations of widespread unstaking. On Friday, the platform witnessed a significant milestone as the total number of ETH deposited hit an all-time high. According to data provided by Lido, an astounding 6,373,289 ETH is currently staked with Lido, equivalent to more than $11.5 billion. Interestingly, while ETH deposits on Lido continue to soar, stETH withdrawals have remained stagnant around the 450,000 ETH mark, as reported by data from Nansen. It is worth noting that these withdrawal requests have yet to be processed, contributing to the overall stability of stETH withdrawals. This trend raises questions about the anticipated unstaking frenzy, prompting a closer examination of the factors influencing stakers&#8217; decisions. As the most significant liquid staking derivatives protocol, Lido holds an impressive 75% market share, surpassing its competitors in the Liquid staking (LSD) space. Notably, according to data from Nansen, Coinbase and Rocket Pool trail behind, occupying the second and third positions. Furthermore, while it may sound like positive news that ETH deposit is surging while withdrawal flattens, it is worth noting there are several reasons behind this so as not to get carried away. On the one side, the stabilized withdrawal can be attributed to the pending processing of withdrawal requests. On the other side, it can be attributed to\u00a0stakers&#8217; long-term commitment to the protocol and the attractiveness of Lido&#8217;s offerings amidst the volatile crypto landscape. Lido Surges 20% In The Past Week Along with its surge in market share, Lido native\u00a0token LDO&#8217;s price has experienced an upward trend\u00a0in the past week up by more than 20%. Lido has surged from a low of $1.81 seen last Friday to trading as high as $2.48 on Wednesday. Related Reading: Lido DAO (LDO) Surges Nearly 20% In The Past 7 Days, Here\u2019s Why LDO market capitalization has also recorded huge gains in the past 7 days. LDO&#8217;s market cap has surged 20.7% from a cap low of $1.5 billion to a high of over $2 billion on Wednesday. Meanwhile, LDO&#8217;s daily trading volume has only continued to range between $60 million and $100 million throughout the week. Interestingly, the asset has plunged over the past 24 hours down by 4.4%. LDO currently trades slightly above $2 with a price of $2.18 at the time of writing with a 24-hour trading volume of $62.1 million. Featured image from Analytic Vidhya, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":534045,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[8323,1946,86029,88315],"class_list":["post-534035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-eth","tag-ethereum","tag-lido","tag-steth"],"acf":[],"yoast_head":"\n<title>Lido&#039;s ETH Deposits Reach Record High Amidst Stagnant stETH Withdrawals<\/title>\n<meta name=\"description\" content=\"Lido, the leading liquid staking derivatives (LSD) protocol, recently made waves in the crypto community by enabling staked ETH (stETH)...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. 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