Lido Moves 8 Million ETH to New Validators to Ease Ethereum Network Load

Liquid staking giant Lido has triggered its most significant Core Protocol upgrade since Lido V2. The massive operation involves migrating over 8 million ETH—valued at roughly $16.5 billion—onto Ethereum’s newer validator design to enhance network efficiency and protocol performance.
This strategic shift accounts for approximately one-fifth of all ETH currently in staking, marking a pivotal moment for the Ethereum ecosystem. By transitioning this immense volume, Lido aims to alleviate network load and ensure the infrastructure remains robust as the demand for staking services continues to surge.
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