LDO, the native token of Ethereum staking protocol Lido, has surged 7% in the past 24 hours, driven by strong trading activity and positive on-chain metrics. Futures open interest for LDO has risen to $210 million, marking a 5% increase, as investors show growing bullish sentiment. The Elder-Ray Index has also turned positive for the first time since September 21, indicating renewed buying pressure. Despite the price rally, Lido's staking market share has dropped to a three-year low of 23.4%. This decline in staking activity could potentially limit further upside for the token if the trend does not reverse.