Lido Staked Ether (stETH) is a token representing staked Ether (ETH) within the Lido protocol, combining the value of the initial deposit with staking rewards. Introduced in 2020 ahead of Ethereum's transition to Proof-of-Stake, stETH allows users to participate in Ethereum staking without locking their assets, providing liquidity and flexibility. Walbi+2CoinGecko+2stakin.com+2stakin.com
Key Features of stETH:
- Liquidity: stETH enables users to stake ETH and receive stETH tokens in return, which can be traded or used in decentralized finance (DeFi) applications, maintaining liquidity while earning staking rewards. BeInCrypto
- Staking Rewards: Holders of stETH accrue staking rewards over time, as the value of stETH reflects both the initial deposit and accumulated rewards. CoinGecko+1stakin.com+1
- DeFi Integration: stETH can be utilized as collateral or liquidity in various DeFi platforms, enhancing its utility within the Ethereum ecosystem. Walbi
Market Performance:
As of March 23, 2025:
- Price: stETH is trading at approximately $1,933.27, reflecting a 0.1% increase over the past 24 hours.
- Market Capitalization: The market cap stands at around $18.01 billion, indicating significant adoption and trust in the token. CoinMarketCap
- Trading Volume: The 24-hour trading volume is approximately $59.46 billion, showcasing active participation in stETH markets.
Conclusion:
Lido's stETH token offers a liquid staking solution for Ethereum holders, allowing participation in staking rewards without sacrificing asset liquidity. Its integration into DeFi platforms and substantial market presence underscore its role in the evolving Ethereum staking landscape.
