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Lido – Q2 2025

July 16, 202529 min

Key Takeaways

Following the trend, Lido remains the most dominant liquid staking protocol on Ethereum despite minor pullbacks in ETH share and stETH APY—both signs of broader network decentralization and lower execution rewards. The protocol leads across nearly all metrics and continues to expand its presence across L2s and protocol integrations. This omnipresence is not merely a function of technical compatibility but reflects a market consensus on trust, reliability and security, conferring a m...