Introduction

Lido is an Ethereum liquid staking solution. Lido allows users to bet their ETH without requiring any minimum deposits or infrastructure maintenance while participating in on-chain activities like lending to compound rewards. The Lido DAO's native utility token, LDO, is utilized for: Granting governance privileges. Lido DAO uses noncustodial staking to address challenges with Ethereum 2.0. The liquid staking method has shown a lot of promise since its inception in December 2020. Lido DAO permits ETH locked in the first phase to be staked into other protocols via its derivative token, stETH. The Lido DAO network has over 80% market share in the ETH 2.0 staking market, and its native token, LDO, is performing well with steady ups on its chart. Within a year, LDO has gone from a starting price of roughly $1.50 to an all-time high of $18.62, a gain of almost 1,200 percent.

Methodology

This gets the data of balance from the Ethereum erc20 balances and they are aggregated to see the balance amount of the users holding LDO and then they are checked for events in the udm events to see how the users got their LDO held in the wallet.

The table indicates the balance amount that is held by each wallet over time in the Ethereum mainnet and they are limited to the top 10 users that hold the amount.

The balance amount in the LDO holders as a whole is aggregated for users.

The top LIDO holders that are carrying the balances are listed here and it indicates how the users gain the money in their wallets.

The graph here shows how most of the tokens are gained by the users. It indicates that most of the tokens are obtained from the Aragon token manager event.