Lido [ldo]已经失去了以太坊的[ETH]积分市场份额的一部分

Lido [ldo]在Ether.fi上损失了以太坊的[ETH]积分份额，分析师推测，对DEFI的积极立场可能有助于恢复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]积分份额的很大一部分，分析师推测，对DEFI的积极立场可以帮助该平台。

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的数据负责人Tom Wan表示，在2025年上半年，Ether Fi的Staked Eth上涨了30％，而最大的Statiking平台下降了9％。

Source: Dune Analytics

资料来源：沙丘分析

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

仅在过去的一个月中，Ether Fi以286.3k的ETH领先，而Lido则看到了182K ETH的流出。

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

令人惊讶的是，这种分歧正在发生，因为整体ETH Staking创下了创纪录的高分，强调了投资者对ETH的信心。

Assessing LDO recovery potential

评估LDO恢复潜力

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

在代币市场的性能上，LDO在讨厌的集会的情况下可以提供大量上升空间。

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％，从2.5美元下跌至0.6美元。尽管它在第二季度收回了60％，但总供应量中只有16％（1.6亿LDO）是有利可图的。

Source: Glassnode

来源：玻璃节

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.

但是约有8.4亿个LDO供应仍在损失。如果他们等待打破甚至赚钱，代币的回收率可能会扩大。

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

根据Intotheblock的数据，进一步的评估表明，主要的链链阻力为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.

在该区域周围，约有5.5万个地址购买了1.67亿LDO，这使其成为大部分供应部分的关键要点。

Source: IntoTheBlock

来源：intotheblock

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

发稿时，LDO的交易价格为0.96美元，这意味着弹性回收率至1.5美元可能会带来潜在的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，这样的升降机可以在LDO上提供相对较好的回报。根据Ether Fi/Lido的比率，Ether Fi在5月的表现优于130％。

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

该比率现在形成了公牛旗模式，这意味着与LDO相对的相对以乙醚的增益为57％。