Lido Shipping Significant Updates: What Keeps LDO Crypto Trading Below $1?
LDO crypto remains below $1, having plummeted over 90% from its peak. Lido Finance is actively deploying significant improvements, including the debut of v3 in testnet-2. The CSM has also been launched and is accessible without permission.
Lido Finance plays an essential role in the ETH locking tokens ecosystem. Individuals who can’t gather the necessary 32 ETH can stake smaller amounts through Lido. A notable feature of Lido is that even after earning yield your ETH, it can still be utilized for various income-generating purposes.
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LDO Crypto Dips, Falling 90% From 2021 Peaks
During the DeFi-driven market rally from 2020 to 2021, Lido’s prices surged to as high as $7.30. However, the recent trend indicates that may require years to revisit this critical level.
Currently, LDO crypto is trading beneath $1, fluctuating between $0.68 and $0.72 over the last 24 hours. At present, the LDO price has decreased by 90% from its all-time highs, lagging behind some of the top Solana meme coins.
Interestingly, early investors are still seeing a 70% gain compared to the all-time low of $0.40 recorded three years ago, according to Coingecko data.
From the LDOUSDT daily chart, it appears more likely that LDO will break below the April 2025 lows rather than exceed $1.16 and the May 2025 local price ceiling. Prices have continued to fall in recent days following a significant increase in May 2025.
The speed of any potential recovery will largely hinge on the performance of ETH. Being one of the largest Decentralized finance protocols on Ethereum, with over $22.3 billion in total value locked (TVL), Ethereum has a direct influence on LDO valuations.
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Should Ethereum overcome its recent decline and rise above $2,800 and $3,000, several of the top cryptocurrencies to consider, including LDO, might rebound, benefiting patient investors.
Lido Progressing: v3 in Testnet and CSM Enhances Decentralization
The timeline for recovery, which could elevate LDO from its bearish decline, depends on how swiftly their new features gain acceptance, further aiding the platform in securing additional Ethereum.
Recently, Lido’s developers launched Lido v3 testnet-2 on the Hoodi Ethereum testnet. While under development, this release, when deployed on the ETH mainnet, will present an improved version of their stVaults system.
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Lido V3 Testnet-2 is now operational.
Contracts, an updated web UI, and CLI are fully synchronized and prepared for deployment.https://t.co/rJ3qSuuaA6
This represents a significant step towards customizable, modular ETH staking.
— Lido (@LidoFinance) June 25, 2025
These are modular autonomous vaults designed to enable other Ethereum protocols and organizations to develop custom locking tokens offerings, such as leveraged locking tokens and over-collateralized safety pools.
Moreover, developers are working on enhancing CLI tools to streamline the onboarding process for users in a comprehensive staking application development setting.
Previously, the Lido development team upgraded their Community Staking Module (CSM), making it permissionless to boost decentralization, allowing anyone to operate Lido validators with minimal financial constraints.
To connect with the CSM, validator validators are required to have at least 1.5 ETH. Since the implementation of this module, there have been over 500 node operators as of February 2025.
CSM v2 Features – Part 2: Variable Node Operator reward share
Unlike the fixed rewards of v1, v2 introduces a tiered reward system based on the type of Node Operator and the count of active validators.
— Lido (@LidoFinance) June 6, 2025
In early June, they launched CSM version 2, which features a variable reward structure for node operators.
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LDO Crypto Stuck Below $1: Lido Finance v3 Testnet, CSM Updates
- LDO price down 90% from all-time highs
- Will LDO crypto break $1 and May 2025 highs?
- Lido v3 testnet-2 is now operational on Hoodi ETH testnet
- Lido CSM is live and permissionless, attracting new validators
The post Lido Shipping Major Updates: Why Is LDO Crypto Still Stuck Below $1? appeared first on 99Bitcoins.
