The price of Lido DAO (LDO) jumped 15.45% in the last 24 hours, as total Value Locked (TVL) rose again to $38.17 billion.
According to CoinMarketCap data, this achievement returned Lido as the largest Liquid Staking protocol in the market, right at the 10th anniversary of Ethereum. The increase was also driven by the acquisition of Stargate, worth $110 million, by the LayerZero Foundation, which made the need for interoperability across chains again widely discussed.
Rising TVL and bullish patterns strengthen LDO momentum
Not just a number on the screen, TVL growth is directly proportional to the use of LDO as a token of governance. The surge in the adoption of Ethereum staking, with publishing 478,700 stETH only in the second quarter, helped form a wider tissue effect.
The positive funding rate of +0.0094 percent also shows that derivative traders are willing to pay premiums to maintain their long position.
From the technical side, LDO made it through the resistance level of $1.56 with a surge in volume of 122.74%. The formation of the Golden Cross, where EMA 50-day ($1.03) exceeds the 200-day EMA ($1.01), historically often opens a longer path for a longer rally.
Although RSI (14) at 74.93 shows the bullish trend, this position also approaches the overbought area. The MACD histogram is at +0.04 which indicates that the rising momentum is still strong, with the next Fibonacci extension target at $1.62 and $1.85.
Diverging strategies emerge among key Lido stakeholders
On the other hand, market actions lately are quite contrasting. Arthur Hayes, one of the founders of BitMEX, bought 424,000 LDOs worth $594,000 as part of an $8 million bet in the Ethereum ecosystem.
However, CEO Nansen, Alex Svanevik, actually moved 1 million LDOs worth $1.46 million to Coinbase. In the last 30 days, 48.48 million LDO entered the stock exchange, which has the potential to withstand the rate of price increase.
Lido’s governance background also attracted attention. In July 2025, they activated the dual governance mechanism, allowing stETH holders to postpone or block proposals if a minimum of 10% TVL refused. This step was present after Chorus One’s security incident which forced Node Oracle’s emergency rotation last May.
Interestingly, even though Svanevik sells partly, he still holds 1 million LDO from the grant in early 2020. However, some parties consider that it might be just a portfolio arrangement.
Furthermore, as a measure of information disclosure, Lido Labs will hold the first Tokenholder Update Call on August 14, 2025.
The agenda of this meeting includes discussion of strategic priorities, financial conditions, and long-term alignment of LDO with the success of the protocol. This forum will also be a means to review the efficiency of governance and cash management strategies.
For token holders, this could be a moment to find answers directly from the Lido core team.