Lido, Ethereum’s staking giant, seeks new breath after 23% drop in revenue

Lido faces pressure with falling strike revenue

O by LidoThe strike protocolEthereumIn the world, it recently released its financial results for the first half of 2025, revealing a 23% drop in revenue compared to the same period of the previous year.Journal of CoinThe platform raised $40.5 million in the period, a significant decline from the $52.6 million recorded in 2024.Compressed Revenue in Ethereum StakingBut also the growing competition in the sector, which has attracted more and more participants.

Ethereum staking has become one of the most popular ways of generating passive income in the crypto ecosystem, allowing ETH holders to contribute to network security in exchange for rewards. However, market saturation and reduced reward rates — influenced by high adherence to protocols such as Lido, Rocket Pool and others — have pushed the returns. By 2023, for example, the average staking rates were around 4-5% per year, while today they are close to 3%, according to data from the Institute of Technology.GlassnodeThis dynamic has led Lido to rethink its strategy to maintain its dominant position.

Reinventing Strategies: Innovation and Diversification on the Radar

Faced with this challenging scenario, Lido has announced an action plan for 2025 and 2026, focusing on three main fronts:Expansion to New Blockchains, Integration of Decentralized Financial Services (DeFi) e Optimization of operating costsAccording to the official statement, the team is working to launch support for networks such asPolygon zkEVM e Arbitration, as well as exploring partnerships with loan and derivative protocols to offer more options to users.

Another key point is the reduction of marketing and development spending, aimed at increasing operational efficiency.Journal of CoinOne of the founders of the Lido said that the priority now isConsolidating the existing user baseInstead of seeking accelerated growth at any cost.“Net Strike”More flexible, allowing users to move their staked assets between different protocols without losing rewards — a growing demand in the market.

Ethereum in free fall? markets react with caution

While the Lido seeks to adapt, the price of theETHIn the last few years there has been an increase in volatility, according to the report.BTC and EchoEthereum has faced difficulties to surpass the $2,000 mark, a technical level considered critical to the recovery from the uptrend. Large institutional investors, such as venture capital funds and asset management companies, haveined stable positions or even increased their allocations on ETHs, but retail demand remains weak.

Experts suggest that the combination ofLow liquidity, Global regulatory uncertainty e Lack of strong catalystsIt is a very important part of the world.Ethereum Improvement Proposal (EIP) 4844, which introduced ‘blobs’ to reduce transaction costs, and expectations around the next updateDenzel(forecast for 2026) still maintain medium-term optimism among analysts.

For the Brazilian investor, the situation of Lido and Ethereum offers important lessons.The staking, although attractive, is becoming increasingly competitive and less profitable.Second, it shows thatDiversification of Assets and BlockchainsIt can be a safer strategy in an environment of decreasing incomes.Update of protocols and networks, such as EIP-4844, which can directly impact the utility and value of the ETH.

Prospects for the Ethereum ecosystem

The future of Lido and Ethereum’s staking will largely depend on two factors:Mass adoption of scaling solutions(such as the rollups) and aGlobal regulation of cryptocurrenciesIn recent months, the U.S. Securities and Exchange Commission (SEC) has stepped up its supervision of staking platforms, which could pose new challenges to Lido’s business model.

In Brazil, the regulation is still under discussion, but aThe Federal RecipeIt has already published rules on the taxation of crypto assets, which can affect the strategy of local investors.AnbimaThe volume traded of Ethereum on Brazilian exchanges grew 15% in the first quarter of 2025, but the staking share is still minority — less than 5% of ETH holders in the country use this modality.

For enthusiasts and investors, this is a good time.Evaluate risks and opportunitiesAs Lido seeks to reinvent itself, the Ethereum community is eagerly waiting for updates that could bring more efficiency and concrete use cases to ETH beyond simple staking.

One thing is certain: Ethereum’s staking will not disappear, but your business model needs to evolve to survive.And in this process, protocols like Lido will have to show that they can adapt to an increasingly demanding and competitive market.