OKX Insights: How Lido’s Dominance in ETH Staking Signals Ethereum’s Rise as a Reserve Asset

Lido, the leading ethereum staking protocol, is becoming a pivotal force behind Ethereum's ascent as a strategic reserve asset. Its decentralized autonomous organization (DAO) enables users to stake Ether while maintaining control of their tokens, earning daily rewards. With institutional interest in Ethereum growing, analysts believe Lido's native token, LDO, may be heavily undervalued. Kyle Reidhead of Milk Road highlights the protocol's potential as Ethereum gains traction in the financial sector. This development underscores the broader trend of decentralized finance (DeFi) protocols like Lido driving innovation and value in the crypto ecosystem.

How Lido Is Gaining Traction as Ethereum Becomes a Strategic Reserve Asset

Lido, the dominant ETH staking protocol, is emerging as a critical profit engine behind Ethereum's rise. Its decentralized autonomous organization (DAO) allows users to stake Ether while retaining control of their tokens, earning daily rewards in the process. With institutional interest in Ethereum surging, analysts suggest Lido's native token, LDO, may be significantly undervalued.

Kyle Reidhead of Milk Road highlights bullish catalysts for Ethereum, including its Layer-2 roadmap, adoption by Robinhood and OKX, and growing use in corporate treasuries. "ETH is setting up to do really well here IMO…I’m getting very bullish on ETH," he said. The Ethereum Foundation's involvement and upcoming ETH staking ETFs could further accelerate this trend.

Lido controls roughly 60% of all staked ETH, positioning it to benefit directly from Ethereum's growth. Analyst m0xt notes Lido's revenue model scales with ETH itself, making it a Leveraged play on Ethereum's success. "Bullish on ETH? Then you should be bullish on Lido," the logic follows.

Pi Network Faces Resistance Below $0.50 Amid Mixed Signals

Pi Network (PI) dipped nearly 2% on Friday, struggling to reclaim the psychologically significant $0.50 level. A Doji candle formation suggests market indecision as social chatter around the project surges. Exchange data reveals a curious divergence: while retail investors appear to be accumulating Pi tokens, the Pi Foundation is quietly offloading millions.

PiScan analytics show a net outflow of 36,580 PI from centralized exchanges, typically a bullish signal indicating investor demand. However, this positive indicator is overshadowed by the Pi Foundation's wallet moving 5.81 million tokens - an amount that dwarfs the exchange outflows. The OKX exchange alone saw 2.15 million PI depart its reserves in 24 hours.

Market participants face a conundrum. Rising social dominance suggests growing interest, yet the Foundation's actions raise questions about insider confidence. The project's price action remains range-bound, caught between retail enthusiasm and institutional skepticism.