Lido Posts 23% Revenue Drop in 2025, Plans LDO Buyback
Measured in ETH rather than dollars, Lido’s total value locked fell from 9.63 million ETH to 8.81 million ETH. Lido, the largest liquid staking protocol on Ethereum, closed 2025 with total revenue of $40.5 million, down 23% from $52.4 million the year before, according to an execution report published by the Lido Foundation.
