Lido’s Revenue Plummets 23% as User Withdrawals and Yield Declines Bite

Lido, a leading liquid staking protocol, saw its revenue tumble by 23% last year as users withdrew funds and yields declined. The drop comes amid a broader crypto market downturn and growing competition in the staking sector. In 2025, Lido said its main goal was to expand beyond its core staking product and launch new offerings. The company is betting on diversification to offset the revenue hit and regain momentum in a crowded market. According to Bloomberg, Lido’s move to broaden its product suite could be crucial for its long-term survival.