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Lido's Big Break?

Frustration around Ethereum’s rollup-centric roadmap could offer a path forward for LDO holders.
Lido's Big Break?
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Ethereum's smart contract dominance has been challenged like never before this cycle. The increased concern that Ethereum is losing users to alt L1s like Solana has led some in the community to advocate for a shift in prioritizing technical improvements to the L1 execution layer over increased rollup data availability bandwidth.

This shift would have major ramifications for the network. It would also have interesting impacts on the revenues of various ETH infrastructure protocols. Today, we're digging into how an ETH priority shift could lead to big wins for liquid staking platform Lido and holders of LDO👇

Daily Ethereum L1 transactions have held relatively constant at around 1M mark throughout the past four years, yet transaction fee income has collapsed; Ethereum frequently raked in $20M+ in transaction fees per day in early 2021, but has found itself lucky to gross that much for an entire month in 2024.

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Jack Inabinet

Written by Jack Inabinet

498 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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