Key Players in the Crypto Market: Lido, Ethereum, Solana, Cardano, and BlockDAG

Lido Prioritizes Long-Term Sustainability with Workforce Reduction

Lido, a prominent protocol in the liquid staking sector, recently announced a 15% reduction in its staff to address operational cost concerns. This move, the first of its kind since the company's inception in 2020, signifies a strategic shift towards long-term sustainability and operational efficiency. Despite dominating the market with over $31 billion in Total Value Locked (TVL), Lido's decision reflects a commitment to balancing growth with financial prudence.

Ethereum Strengthens Fundamentals Amid Rising Transaction Volumes

Ethereum's on-chain activity has surged to a one-year high, with daily transactions reaching approximately 1.7 million. This uptick is driven by a growing number of active wallets and new users, signaling real-world adoption beyond speculative trading. The EIP-1559 upgrade has played a key role in reducing the circulating supply through fee burning, creating a supply-neutral environment with near-zero net emissions. Ethereum's strategic reserve has also swelled to $10 billion, indicating institutional confidence and potential capital repositioning ahead of upcoming upgrades.

Crypto Market Update: Ethereum Hits $3,500, Solana Rebounds, Cardano Faces Challenges, and BlockDAG Enters the Fray

Ethereum has surged above $3,500, driven by institutional inflows and increasing daily users, inching closer to the $4,000 resistance level. Solana has rebounded from a price dip, supported by significant on-chain fee revenue and growing institutional interest. Cardano has faced setbacks with failed upgrades but retains a loyal base of long-term holders. Meanwhile, BlockDAG has raised substantial funds in its presale, positioning itself as a promising newcomer in the crypto space with a unique hybrid architecture and live utility tools.