One of the underestimated assets in the Ethereum ecosystem: LDO

$LDO has underperformed for over a year, leading to it being overlooked by the market. However, it is likely to experience a significant turnaround, similar to Ethereum.

Reasons to be optimistic about LDO:

1. LDO has strong value capture capabilities and stable protocol cash flow, which can bring real returns to token holders, aligning with the current trend in the crypto market that values real project returns.

2. $LDO is a beta factor of the Ethereum ecosystem; as Ethereum's price rises strongly, Lido's protocol revenue begins to grow rapidly;

3. The high-pressure regulation of the crypto industry by the former SEC chair has created significant compliance risks for Ethereum staking, deterring traditional funds from participating; however, the new SEC chair has clearly stated that Ethereum staking does not involve securities law, eliminating the largest negative factor for the Ethereum staking space; traditional funds are beginning to engage in large-scale Ethereum staking, and the scale of Ethereum staking has started to grow again;

4. The increase in Ethereum staking scale is boosting the recovery of the Ethereum liquid staking space, and as Lido is the absolute leader in this space, it stands to benefit the most.