LDO: Protocol Fees and Revenue [USD]
Lido DAO Lido Protocol Fees and Revenue: daily data through 8 Nov 2026.
The fees users paid to Lido on Ethereum each period, split into the part paid out to stETH holders (the supply side) and the part Lido kept (revenue).
Why use it. Fees show how much the protocol is used and paid for; revenue is what it earns for itself, the figure its token's value is usually measured against. A growing gap between them means more of the money goes to stETH holders. How to read it. The fees line is the total; supply side plus revenue add up to it. Read the trend over weeks rather than single hours: the staked amount and the network's reward rate move the lines.
Calculation. Fees are what users pay to use a protocol: interest paid by borrowers, swap fees paid by traders, rewards earned by staked ether. The supply side is the part paid out to whoever supplies the capital (lenders, liquidity providers, stakers); revenue is the rest, what the protocol keeps; the take rate is revenue divided by fees. Lido: each daily oracle report's rewards on the stake (consensus-layer balance change plus withdrawals, less the 32 ether of every validator that appeared, plus the execution-layer rewards it collected), dated to the report's day and valued at CryptoKeyhole's ETH/USD close for the report's hour. Revenue is Lido's 10% fee, the ether value of the stETH it mints to its treasury and node operators; the supply side is the 90% left to stETH holders. Read from Lido's own report events on CryptoKeyhole's own Ethereum node (from 30 April 2021 its PostTotalShares, earlier its Completed reports). Lido stakes ether on Ethereum only. Ethereum mainnet deployments only: each protocol's other networks are not counted, so these are lower than the protocols' worldwide totals. Lido reports once a day, about 12:00 UTC: each day holds that day's report.