Lido: Last year's revenue was $40.5 million, down 23% year-over-year

SmartContractAuditor · 2026-03-24T19:41:14+00:00

Lido's revenue last year was $40.5 million, down 23% year-over-year, with gross revenue declining 18.2%, driven by user withdrawals and lower staking yields. Facing intensified market competition, Lido plans to evaluate LDO buybacks and expand new services in 2025, particularly targeting institutional clients.

SmartContractAuditor

2026-03-24 19:41:14

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Odaily Planet Daily reports that Lido announced its total revenue last year was $40.5 million, down 23% year-over-year, compared to $52.4 million the previous year. Its gross income decreased by 18.2%, due to user withdrawals leading to net staking outflows and declining staking rewards.

Lido pointed out that in 2025, Ethereum staking will undergo structural changes, with network APR compression, funds shifting from Simple LST to exchanges and institutional staking, intensifying competition and shrinking its leading market segment. The protocol stated that its market share has decreased, with the proportion of Simple LST continuing to decline.

Lido is evaluating a potential LDO buyback plan, which may be launched in the second quarter of this year. The plan involves using staking rewards generated by the protocol to buy LDO on the open market and invest in DAO-held LDO and wstETH liquidity positions. The protocol cut 15% of staff last August to ensure long-term sustainability.

Lido stated that its 2025 goal is to expand beyond core staking products to new services targeting institutional investors and users seeking higher yields. It disclosed that asset management firm WisdomTree, with $140 billion in assets, launched an Ethereum-based ETP in Europe and earns staking rewards through the decentralized Lido protocol. (The Block)

ETH0,96%

LDO1,71%

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