Lido staked ether (steth) jumping over 7% in the last 24 hours is big news, and there are a few reasons behind this move.

first off, lido just made ethereum staking way more accessible with their new community staking module (csm). anyone with 1.5 eth can now become a node operator, which is way lower than the old 32 eth requirement. this makes staking more inclusive and could be driving up interest and demand for steth.

also, lido integrating chainlink's ccip allows users to stake eth across multiple layer 2 networks like arbitrum, base, and optimism, getting wsteth in return. this cross-chain functionality is a big plus for liquidity and might be drawing more attention and investment into lido's ecosystem.

however, it's not all sunshine. the ethereum staking reward is still stuck around 3%, which is lower than other pos chains like solana or polkadot. this might hold back some potential investors from diving headfirst into ethereum staking or steth.

in short, while the price hike is exciting, it's essential to keep an eye on how these developments play out in the longer term. it's a thrilling time for steth, but we should stay cautious as the market continues to evolve.