"Lido's transparency push comes as on-chain data shows staking dominance slipping - their share of ETH staked dropped from 32% to 29% in Q3. Whale wallets (10k+ ETH) have been rotating into smaller validators, with 120k ETH moved off Lido last month. Their $800M treasury remains strong, but protocol revenue dipped 18% post-Shapella as withdrawal demand spiked." (280 chars)

Top comment by @OnChainOracle