Lido Staked Ether (STETH) ranks #7828 by market capitalization, at $24.25B. It belongs to the DeFi sector (Decentralized Liquid Staking). It has traded since Dec 19, 2020, across 65 markets on 15 exchanges, with $19.30M of volume in the last 24 hours. Its all-time high of $5,114.48 was reached on Jul 9, 2022; the current price is 56.3% below that peak. Its cycle low of $989.09 came on Jul 13, 2022.
9.70M STETH are in circulation. 2 team members are listed. On Ethereum, 633,107 addresses hold STETH.
About Lido Staked Ether
Lido is primarily a liquid staking solution for Ethereum and Polygon. Products offered include liquid staking derivative token contracts and other auxiliary smart contract infrastructure to support native token staking services.
Lido’s smart contracts allow users to stake ETH on Ethereum and ERC-20 MATIC on Ethereum to receive the corresponding liquid staking derivative token (i.e., st[token]). The protocol then uses these staked tokens to operate validators on the underlying network, increasing participation in each network’s Proof-of-Stake (PoS) consensus mechanism. As such, Lido’s staking solutions are typically meant for users that cannot run a validator themselves due to economic or technical limitations.
Ethereum630K