Lido dominates staked ETH market, but can it lift Ethereum’s price?

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Lido fees surpassed Ethereum fees over the past few days. Will the price of LDO and ETH be impacted by this?

In the last month, Lido Finance collected $20.8 million in fees in just one week, which was higher than the fees collected by Ethereum itself, which collected $19.8 million during the same period.

Lido Finance’s momentum continued throughout the month. Over the entire month, Lido generated $98 million in fees, representing an 8% increase compared to the previous month. However, the 7-day trading volume for stETH dipped 7.25% compared to the previous week, totaling $1.23 billion.

 

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