Lido's price surpasses $1.50 on Ethereum's network growth and a fresh catalyst for adoption
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In the cryptocurrency market, Lido (LDO) has experienced a significant price increase in the past few days. This rise can be attributed to two key catalysts: the launch of Lido's stETH custody services by GK8, and the sustained strength of Ethereum (ETH).
- GK8's stETH Custody Launch
On August 7, 2025, GK8, an institutional-grade custody provider under Galaxy, introduced secure custody solutions for Lido’s stETH tokens. The service employs advanced technologies, such as a fully offline "Impenetrable Vault" and ultra-fast unlimited Multi-Party Computation (uMPC) for rapid transaction signing. This institutional adoption has caused an immediate 12% intraday jump in LDO price and initiated a strong accumulation phase as investors anticipate more institutional inflows into Lido’s staking ecosystem.
- Ethereum's Strength
Simultaneously, Ethereum’s price has surged significantly, trading around $4,626 and moving closer to its all-time high (~$4,892) while increasing approximately 7% in a 24-hour window. Since Lido's core business revolves around Ethereum staking, the strong performance of ETH directly supports increased demand for Lido's staking products, encouraging further confidence and buying momentum in LDO.
Additional context includes Lido's total value locked (TVL) hitting a record $41 billion, bolstered by the Ethereum rally and rising institutional interest. This TVL surge aligns with optimistic price targets in the range of $1.75 to $2.10 for LDO in the near term, with technical resistance around $1.63 needing to be surpassed to sustain upbeat momentum.
In summary, GK8's institutional-grade custody integration has enhanced Lido's credibility and adoption potential, while Ethereum's strong market rally has underpinned the fundamental demand for staking, collectively driving the recent advance in Lido's price.
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[2] Decrypt. (2025, August 7). Lido (LDO) Jumps 12% as GK8 Launches stETH Custody Services. Retrieved from https://decrypt.co/92424/lido-ldo-jumps-12-as-gk8-launches-steth-custody-services
[3] Finance Magnates. (2025, August 7). Lido (LDO) Soars 12% Following GK8's Announcement of stETH Custody Services. Retrieved from https://financemagnates.com/cryptocurrency/news/lido-ldo-soars-12-following-gk8s-announcement-of-steth-custody-services-by-gk8/
[4] CoinDesk. (2025, August 8). Ethereum Price Hits $4,626 as Market Sentiment Improves. Retrieved from https://www.coindesk.com/markets/2025/08/08/ethereum-price-hits-4626-as-market-sentiment-improves/
[5] Coin Bureau. (2025, August 8). Lido (LDO) Price Prediction 2025: Will LDO Reach $2? Retrieved from https://coinbureau.com/reviews/lido-ldo-price-prediction-2025/
