Lido Staked Ether (STETH) Daily Market Analysis 22 February 2026

Lido's protocol dominance grows while token faces pressure – here's the latest: • Lido V3 is now live, targeting institutions with zero-fee stVaults for large deposits (22 February 2026) • Unstaking queue hits two-year high at 229,000 ETH, with a whale moving 11,000 ETH on 8 February • Governance token $LDO trades near $0.33, down ~95% from ATH, forming a potential bullish wedge pattern • Protocol generated $1.31M in fees last 24h, with all-time cumulative fees exceeding $3.055 billion • Key tokenholder call scheduled for 26 February seen as potential catalyst for sentiment shift