Lido Launches Updates: Why LDO Cryptocurrency Remains Below $1
LDO cryptocurrency struggles under the $1 mark, having decreased over 90% from its peak. Major updates from Lido Finance are underway, including the v3 release in the testnet.
Lido Launches Updates: Why LDO Cryptocurrency Remains Below $1
LDO cryptocurrency struggles under the $1 mark, having decreased over 90% from its peak. Major updates from Lido Finance are underway, including the v3 release in the testnet.
LDO Cryptocurrency Tumbles Down 90% From 2021 Highs
With the DeFi sector propelling the market during the last bull run between 2020 and 2021, Lido’s prices soared to as high as $7.30. However, recent performance indicates that LDO may require years to reach this price point again.
Currently, LDO is trading below $1, fluctuating between $0.68 and $0.72 in the last 24 hours. It is down by 90% compared to its all-time high, similar to some of the best Solana meme coins. Surprisingly, early supporters still show a 70% profit from the all-time low of $0.40 registered three years ago, according to Coingecko data.
Market Dynamics and Future Predictions
From the daily chart of LDO/USDT, there is a higher likelihood of breaking below the April 2025 lows rather than surpassing the $1.16 mark and the May 2025 local resistance level. Prices have been on a steady decline after a significant spike in May 2025.
The recovery pace will depend greatly on Ethereum’s performance. Being a significant player in Ethereum’s staking infrastructure, Lido manages over $22.3 billion in total value locked (TVL), meaning ETH’s performance is crucial for LDO’s price trajectory.
If Ethereum manages to overcome its recent downswing, surpassing levels above $2,800 and $3,000, LDO, alongside other top cryptocurrencies, could see a turnaround, benefitting patient holders.
Lido Developments: v3 in Testnet as CSM Enhances Decentralization
The upcoming recovery, which could help lift LDO from its downturn, hinges on the traction gained by Lido’s innovations, which are expected to enhance staking options. Recently, Lido developers launched Lido v3 testnet-2 on the Hoodi Ethereum testnet. While it is still under development, this release aims to upgrade their stVaults system.
Lido has introduced the Community Staking Module (CSM), which is now live and permissionless, allowing anyone to operate Lido validators with minimal capital.
In June, they rolled out CSM version 2 that implements a variable reward model for node operators, enhancing the decentralization of the platform. This model differs from the flat reward structure of version 1, focusing on the type of node operator and the number of active validators involved.
These advancements could enable other Ethereum protocols and institutions to create customized staking products, such as leveraged staking and over-collateralized security pools.
