Ask about Lido · freeTotal Value Locked$22.349b
TVL by Chain
Ethereum$22.343b
Solana$5.14m
Terra Classic$0
Moonriver$0
Moonbeam$0
Key Metrics
Fees 30d$50.53m
Fees 30d by chain
Ethereum$50.53m
Fees 7d$11.34m
Ethereum$11.34m
Fees 24h$1.53m
Ethereum$1.53m
Cumulative Fees$3.407b
Ethereum$3.407b
Revenue 30d$3.09m
Revenue 30d by chain
Ethereum$3.09m
Revenue 7d$689,575
Ethereum$689,575
Revenue 24h$93,224
Ethereum$93,224
Cumulative Revenue$174.71m
Ethereum$174.71m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$7.06m
Ethereum$7.06m
Incentives 1y$4.23m
Incentives 30d$206,428
Incentives 7d$206,428
Incentives 24h$0
Cumulative Incentives$891.85m
Earnings (Annualized)$30.53m
Earnings 30d$2.89m
Earnings 7d$483,147
Earnings 24h$93,224
Cumulative Earnings-$717.14m
Market Cap$299.56m
$LDO Price$0.36
Fully Diluted Valuation$361.1m
Outstanding FDV$364.47m
$LDO Volume 24h$33.53m
CEX Volume$11.38m
DEX Volume$24.17m(72.07% of total)
Treasury$118.77m
Majors$54.27m
Stablecoins$20.23m
Own Tokens$44.25m
Others$18,965
Total Raised$167m
May 5, 2021$73mRound: Private token saleInvestors: Paradigm, Coinbase Ventures, 3AC, Jump Trading, Alameda Research, DCG
Mar 3, 2022$70mRound: Investors: a16z
Sep 14, 2022$24mRound: Treasury DiversificationInvestors: Dragonfly Capital
Annual Operational Expenses$16.81m
Headcount83
OpEx$8.45m
Salaries$8.37m
Sourceshttps://research.lido.fi/t/lido-dao-core-contributors-provisional-budget/2556
NotesBudget set in July 2022
Last UpdateApr 29, 2023
Protocol Information
Liquid staking for Ethereum and Polygon. Daily staking rewards, no lock ups.
Audits:
Methodology
TVL: Staked tokens are counted as TVL based on the chain that they are staked on and where the liquidity tokens are issued, stMATIC is counted as Ethereum TVL since MATIC is staked in Ethereum and the liquidity token is also issued on Ethereum.View code on GitHubFees: Staking rewards earned by all staked ETHView code on GitHubRevenue: Lido takes a 10% fee on staking rewards; Revenue is only the DAO-treasury portion of that fee (net of the node-operator share, which is a cost of production booked as SupplySideRevenue). From Lido V2 (2023-05-15) the treasury/operator split is the validator-share-weighted aggregate read live from the StakingRouter; before V2 the split was a fixed 5%/5%, so half the fee is treasury.View code on GitHubHolders Revenue: Tracks LIDO bought back by the DAO as part of the LDO Accumulation ProgramView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Treasury: Value of tokens owned by the protocolYields
Pools Tracked1
Average Supply APY2.24%
User Activity
Active Addresses (24h)239
Transactions (24h)305
Competitors
Lido history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 19, 2020 to Oct 27, 2026.
All-time high TVL: $42.52b on Aug 23, 2025. All-time low TVL: $1.48m on Dec 19, 2020.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $26.263b |
| Sep 29, 2026 | $26.514b |
| Sep 30, 2026 | $26.378b |
| Oct 1, 2026 | $26.418b |
| Oct 2, 2026 | $26.684b |
| Oct 3, 2026 | $26.345b |
| Oct 4, 2026 | $26.511b |
| Oct 5, 2026 | $26.885b |
| Oct 6, 2026 | $26.75b |
| Oct 7, 2026 | $26.427b |
| Oct 8, 2026 | $24.986b |
| Oct 9, 2026 | $24.053b |
| Oct 10, 2026 | $24.165b |
| Oct 11, 2026 | $24.302b |
| Oct 12, 2026 | $24.622b |
| Oct 13, 2026 | $23.564b |
| Oct 14, 2026 | $24.243b |
| Oct 15, 2026 | $23.434b |
| Oct 16, 2026 | $23.641b |
| Oct 17, 2026 | $23.512b |
| Oct 18, 2026 | $23.34b |
| Oct 19, 2026 | $23.372b |
| Oct 20, 2026 | $23.184b |
| Oct 21, 2026 | $23.726b |
| Oct 22, 2026 | $23.985b |
| Oct 23, 2026 | $23.092b |
| Oct 24, 2026 | $22.942b |
| Oct 25, 2026 | $22.786b |
| Oct 26, 2026 | $22.488b |
| Oct 27, 2026 | $22.557b |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $35.345b |
| Dec 31, 2024 | $32.52b |
| Jan 31, 2025 | $30.867b |
| Feb 28, 2025 | $21.637b |
| Mar 31, 2025 | $16.902b |
| Apr 30, 2025 | $16.63b |
| May 31, 2025 | $22.692b |
| Jun 30, 2025 | $22.777b |
| Jul 31, 2025 | $34.144b |
| Aug 31, 2025 | $38.449b |
| Sep 30, 2025 | $36.007b |
| Oct 31, 2025 | $32.635b |
| Nov 30, 2025 | $25.883b |
| Dec 31, 2025 | $26.092b |
| Jan 31, 2026 | $25.946b |
| Feb 28, 2026 | $18.175b |
| Mar 31, 2026 | $18.61b |
| Apr 30, 2026 | $20.916b |
| May 31, 2026 | $17.907b |
| Jun 30, 2026 | $14.503b |
| Jul 31, 2026 | $17.987b |
| Aug 31, 2026 | $23.288b |
| Sep 30, 2026 | $26.378b |
| Oct 27, 2026 (latest) | $22.557b |
TVL at each year end, Dec 31, 2020 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2020 | $12.58m |
| Dec 31, 2021 | $11.743b |
| Dec 31, 2022 | $5.878b |
| Dec 31, 2023 | $21.439b |
| Dec 31, 2024 | $32.52b |
| Dec 31, 2025 | $26.092b |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $83.54m | $4.14m | $0 |
| Dec 2024 | $98.1m | $4.85m | $0 |
| Jan 2025 | $89.13m | $4.4m | $0 |
| Feb 2025 | $69.8m | $3.44m | $0 |
| Mar 2025 | $52.6m | $2.59m | $0 |
| Apr 2025 | $42.87m | $2.1m | $0 |
| May 2025 | $57.26m | $2.81m | $0 |
| Jun 2025 | $57.16m | $2.79m | $0 |
| Jul 2025 | $74.11m | $3.61m | $0 |
| Aug 2025 | $93.81m | $4.57m | $0 |
| Sep 2025 | $88.15m | $4.29m | $0 |
| Oct 2025 | $90.7m | $4.39m | $0 |
| Nov 2025 | $67.15m | $3.25m | $0 |
| Dec 2025 | $63.58m | $3.29m | $0 |
| Jan 2026 | $64.46m | $4m | $0 |
| Feb 2026 | $40.55m | $2.51m | $0 |
| Mar 2026 | $45.08m | $2.79m | $0 |
| Apr 2026 | $47.31m | $2.91m | $0 |
| May 2026 | $44.34m | $2.72m | $0 |
| Jun 2026 | $33.58m | $2.06m | $1.95m |
| Jul 2026 | $35.18m | $2.18m | $2.08m |
| Aug 2026 | $41.8m | $2.6m | $778,492 |
| Sep 2026 | $50.92m | $3.16m | $2.25m |
| Oct 2026 (to date) | $43.19m | $2.64m | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/lido
Frequently asked questions
What is Lido's TVL?
As of Oct 27, 2026, Lido has $22.349b in total value locked. TVL has decreased 15.6% over the past 30 days.
What chains does Lido operate on?
Lido operates on 5 chains: Ethereum, Solana, Terra Classic, Moonriver, and Moonbeam. Ethereum holds the largest share at 100%.
How much has Lido generated in fees and revenue?
Over the past 30 days, Lido generated $50.53m in fees. Of that, $3.09m was protocol revenue. Based on the trailing year, the annualized rate is $590.52m in fees and $34.76m in revenue.
What is the LDO token price and valuation?
LDO is currently trading at $0.36. Its circulating market capitalization is $299.56m, ranking it #202. Its fully diluted valuation is $361.1m. Supply currently stands at 829.57m circulating, 1b total supply, 1b maximum supply.
How has LDO performed recently?
LDO is down 6.8% over the past 7 days and down 25.8% over the past 30 days. Its all-time high is $7.30, reached on Aug 20, 2021. The token is currently 95.1% below that level.
How does Lido's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, Lido ranks #1 by TVL. The category holds $52.631b across 266 protocols, and Lido accounts for 42.6% of that total. Similar protocols include Stafi, TruStake, Omni Liquid Staking, Binance staked ETH, ether.fi Stake, Sanctum Validator LSTs, Rocket Pool, Binance Staked SOL, Jito Liquid Staking, and StakeWise V3.
How many yield pools does Lido have?
DefiLlama tracks 1 Lido yield pool with an average APY of 2.2%.
Does Lido have a treasury?
Lido has a tracked treasury currently valued at $118.77m. Its holdings include $20.23m in stablecoins, $54.27m in major assets, $44.25m in its own tokens, $18,965 in other assets.