Lido [ldo]已經失去了以太坊的[ETH]積分市場份額的一部分

Lido [ldo]在Ether.fi上損失了以太坊的[ETH]積分份額，分析師推測，對DEFI的積極立場可能有助於恢復Staking Staking平台。

Lido [LDO] has lost a significant chunk of Ethereum’s [ETH] staking market share to Ether.Fi, with analysts speculating that a positive SEC stance on DeFi could help the platform.

Lido [LDO]在Ether.fi上失去了以太坊的[ETH]積分份額的很大一部分，分析師推測，對DEFI的積極立場可以幫助該平台。

In the first half of 2025, Ether Fi’s staked ETH rose 30% while the biggest staking platform declined 9%, according to Tom Wan, Head of Data at Entropy Advisors.

Entropy Advisors的數據負責人Tom Wan表示，在2025年上半年，Ether Fi的Staked Eth上漲了30％，而最大的Statiking平台下降了9％。

Source: Dune Analytics

資料來源：沙丘分析

In the past month alone, Ether Fi led with 286.3K ETH, while Lido saw 182K ETH outflows.

僅在過去的一個月中，Ether Fi以286.3k的ETH領先，而Lido則看到了182K ETH的流出。

Surprisingly, this divergence is happening as the overall ETH staking hit a record high, underscoring investor confidence in ETH.

令人驚訝的是，這種分歧正在發生，因為整體ETH Staking創下了創紀錄的高分，強調了投資者對ETH的信心。

Assessing LDO recovery potential

評估LDO恢復潛力

On the token market performance, LDO could offer a massive upside in case of a hated rally.

在代幣市場的性能上，LDO在討厭的集會的情況下可以提供大量上升空間。

Notably, LDO dropped 75% in early 2025, slipping from $2.5 to $0.6. Although it recovered 60% in Q2, only 16% (160 million LDO) of the total supply was in profit.

值得注意的是，LDO在2025年初下跌了75％，從2.5美元下跌至0.6美元。儘管它在第二季度收回了60％，但總供應量中只有16％（1.6億LDO）是有利可圖的。

Source: Glassnode

來源：玻璃節

But about 840 million LDO supply was still in loss. Should they wait to break even or turn a profit, the token’s recovery may extend.

但是約有8.4億個LDO供應仍在損失。如果他們等待打破甚至賺錢，代幣的回收率可能會擴大。

Further evaluation showed that the main on-chain resistance was $1.5-$1.7, according to IntoTheBlock.

根據Intotheblock的數據，進一步的評估表明，主要的鍊鍊阻力為1.5-1.7美元。

Around this zone, about 5.5K addresses bought 167 million LDO, making it a key break-even point for a significant part of the supply.

在該區域周圍，約有5.5萬個地址購買了1.67億LDO，這使其成為大部分供應部分的關鍵要點。

Source: IntoTheBlock

來源：intotheblock

At press time, LDO traded at $0.96, meaning a resilient recovery to $1.5 could offer a potential 53% gain.

發稿時，LDO的交易價格為0.96美元，這意味著彈性回收率至1.5美元可能會帶來潛在的53％的收益。

However, such a lift-off could offer relatively better returns on Ether Fi compared LDO. According to the Ether Fi/Lido ratio, Ether Fi outperformed LDO by 130% in May.

但是，這樣的升降機可以在LDO上提供相對較好的回報。根據Ether Fi/Lido的比率，Ether Fi在5月的表現優於130％。

The ratio has now formed a bull flag pattern, implying a potential 57% relative Ether Fi gain over LDO.

該比率現在形成了公牛旗模式，這意味著與LDO相對的相對以乙醚的增益為57％。