The decentralized staking protocol Lido DAO announced that after receiving approval from the community vote, stETH will officially connect to the BNB Chain. This move marks a strategic expansion for Lido in the staking market, particularly in building a closer connection between the Ethereum and BNB ecosystems. Since the beginning of 2024, Lido's share in the staking Ether market has steadily declined, reaching below 30%. In April 2024, Lido achieved a milestone of over 1 million validators, demonstrating its significant influence and potential in the decentralized finance sector. The introduction of stETH to the BNB Chain not only helps boost Lido's market share but also brings more diverse staking options to BNB ecosystem users, promoting liquidity and interoperability across different blockchain platforms.