Lido DAO (LDO) experienced a notable surge in its token price following the release of its Validator and Node Operator Metrics (VaNOM) report for the first quarter of 2024.

As of the latest update, LDO was trading at $2.35, marking a remarkable 10% increase within a 24-hour period. The surge propelled the market capitalization of LDO beyond $2 billion, accompanied by a significant surge in trading volume, which reached $474 million, reflecting a notable 148% surge.

Published on May 23, the VaNOM report shed light on a notable shift in client diversity, particularly evident at the execution level. Notably, the utilization rate of the client Geth witnessed a substantial drop to 46%, a significant decline from its previous standing at 96% in 2022 and 67% in the fourth quarter of 2023.

Furthermore, the report underscored a decline in the utilization of public clouds, which plummeted from 46% to 40%. These shifts suggest a notable diversification in technology adoption, indicating a move away from dependency on specific platforms like Geth and public clouds.

While the report didn't delve into the explicit reasons driving these shifts, they signal a broader trend towards diversification and technological resilience within the Lido DAO ecosystem.

Earlier, on May 21, LDO witnessed a substantial 40% price surge following Lido DAO's adept handling of a security breach involving Numic. The breach, identified on May 14, involved unauthorized access to a developer machine utilized by Numic, a Node Operator collaborating with Lido on the Ethereum protocol.

Despite concerns regarding potential compromise of the mainnet validators' encrypted key material backups, thorough investigations revealed no evidence of tampering or malicious exploitation.

In a swift response, Numic took proactive measures by resetting all depositable keys to zero and systematically eliminating any potentially compromised keys. This preemptive action effectively prevented new deposits from being directed to validators that might have been compromised.

Lido DAO contributors played a pivotal role in aiding Numic's comprehensive investigation into the breach. The precautionary measures were seamlessly implemented without disrupting validator operations, and the incident did not result in any financial losses, underscoring Lido DAO's robust security protocols and swift response mechanisms.