Lido’s financial turnaround is noteworthy: Lido Finance generated a profit of 5 million USD in 2024, marking its first profit in four years. This turnaround follows total revenues of 99 million USD against expenses of 94 million USD, showcasing effective cost management.

Ethereum’s price surge impacts Lido’s success: A 67% increase in Ethereum’s price helped boost Lido’s earnings, escalating from 2,350 USD to over 4,000 USD. This price rise intensified user interest in staking services, positively affecting Lido’s market performance.

Strategic focus on Ethereum enhances growth potential: Lido exited the Polygon network to concentrate on Ethereum, responding to scalability issues. The introduction of a community staking module encouraged more user engagement, reflected in the 5% increase in total locked ETH.