Lido Maintains Lead on ETH Staking, LDO Bulls May Finally Take Over

• Lido is the leading staking platform with 28.26% of the total market share.
• Despite the slow cryptocurrency market in Q3, Lido’s TVL achieved a new historic high.
• While LDO bears are running out of momentum, it remains to be seen if bulls will take over.

Lido Dominates Staking Market

Lido Finance is currently the leading staking platform with a 28.26% total market share, according to a recent IntoTheBlock analysis. This puts it far ahead of its competitors like Coinbase which only has 7.2% of the marketplace. Additionally, there is an unknown category that holds slightly more market share than Lido, however their anonymity means that Lido still technically leads on this front.

TVL Achieves New Record High

Despite the slowdown in the cryptocurrency market in Q3 so far, Lido has managed to maintain its lead on the ETH staking front and achieve a new historic high for its TVL. According to recent data from DeFiLlama, this equates to over $14.7 billion dollar value of ETH staked on their platform.

Bulls or Bears?

Although LIDO’s TVL maintained an upward trajectory during this period, its token price slid significantly compared to previous months due to bearish momentum in the crypto markets overall . It remains to be seen if bullish investors will take over as bears begin to ease off their assault on LDO prices .

LDO May Give Bulls An Edge

Altcoin LDOs may give bulls an edge as they attempt to regain dominance over bears even while prices remain sluggish and uncertain in Q3 . With a slight recovery taking place recently , there may finally be hope for those who wish to invest in digital assets such as LDO tokens .

Conclusion

It appears that despite slow market conditions, investors still have faith in platforms like Lido as evidenced by its impressive lead in terms of total value locked (TVL). Additionally, with signs of recovery already beginning , it could mean that bulls may finally retake control and push prices upwards again .