- LDO price surged 10% as TVL hit a record $38.17 billion.
- Positive Funding Rates and rising Open Interest signal growing bullish momentum.
- Spot market outflows suggest strong accumulation and potential push toward $2.
Lido DAO has been on a sharp climb, capturing traders’ attention. In just 24 hours, the token rose nearly 10%, trading at $1.28 at press time. Volume exploded, soaring over 122% to reach $391.95 million. Meanwhile, Total Value Locked swelled to $38.17 billion, hinting at growing trust from investors. With strong technical and market signals aligning, LDO appears poised to test higher resistance levels in the coming days.
From Collapse to Comeback
Earlier this year, Lido DAO faced heavy outflows . In January, TVL neared $35 billion before over $20 billion left the protocol. This mass exit reflected a shift toward short-term strategies, leaving LDO in a vulnerable position. Now, the tide has turned. Inflows have surged again, signaling renewed conviction. Over the past month, the token has gained 45%, including a double-digit rally in the last day alone. These moves suggest that traders are warming to LDO’s long-term potential. Data from DeFiLlama shows a decisive rebound in locked assets.
Derivatives markets have also lit up with optimism. Funding Rates turned positive at 0.0094%, per CoinGlass, showing that long traders now dominate. This shift means more participants are betting on higher prices. Open Interest added $35 million in just 24 hours, climbing to $273.66 million. Such an increase reflects rising confidence among leveraged traders. When Open Interest rises alongside prices, rallies often strengthen. Spot market activity reinforces the same narrative. On August 10th, LDO saw $1.71 million in net outflows from exchanges.
Can LDO Break $2?
Adding to the momentum, Lido DAO’s latest Q2 report painted a mildly bullish picture. The update revealed that staked token distribution reached 478.7K stETH, with the protocol still holding the largest share in public cloud staking. This growth supports the idea that Lido DAO remains a dominant force in the staking space. Investors appear to be responding to this leadership by committing more capital to the protocol.
The road to $2 will not be without resistance. A break above $1.50 could spark more buying interest. However, traders will watch closely for sustained inflows and stable market conditions. If bullish sentiment holds, both technical and on-chain factors could converge in favor of higher prices. The combination of record TVL, steady accumulation, and improving off-chain signals gives LDO a solid foundation for the next leg up.
For now, the market seems to believe in Lido DAO’s comeback story. Whether that belief can carry the token beyond $2 remains to be seen, but momentum is undeniably in its favor. Lido DAO surged nearly 10%, hitting $1.28 with record $38.17B TVL. Funding Rates and Open Interest show bullish positioning in derivatives markets. Spot market accumulation hints at potential breakout toward $2 in coming weeks.
