Wrapped Liquid Staked Ether 2.0 (WSTETH)
CryptoScore Pro global score : 86/100 (computed on 2026-10-28)
Wrapped Liquid Staked Ether 2.0 (WSTETH) is the flagship token of Lido Finance, the largest liquid staking protocol on Ethereum, enabling users to stake their ETH while retaining liquidity through a tokenized representation. Deployed on Ethereum’s mainnet since February 19, 2021, WSTETH bridges the gap between staking rewards and DeFi participation by converting staked ETH into a tradable asset, thereby unlocking capital that would otherwise remain illiquid. With a circulating supply of 3,711,266 WSTETH—equivalent to the staked ETH backing it—this token is critical for Ethereum’s transition to proof-of-stake, as it allows validators to earn staking rewards while users access liquidity for yield farming, lending, and other DeFi activities. Its dominance in the liquid staking space, commanding a market cap of 11.2 billion USD and ranking 15th among all cryptocurrencies, underscores its pivotal role in the ecosystem, particularly as Ethereum’s staking participation continues to grow post-Merge. The token’s utility extends beyond liquidity, as it also serves as collateral for lending platforms and governance mechanisms within Lido’s decentralized autonomous organization (DAO),…
Scores by pillar
| Technology | 92/100 |
|---|---|
| Tokenomics | 90/100 |
| Team | 77/100 |
| Adoption | 85/100 |
| Liquidity | 59/100 |
| Compliance | 75/100 |
Market data
| Price | $2,954.10 |
|---|---|
| Market cap | $10.99B |
| 24h volume | $4.33M |
| Market cap rank | #15 |
| 24h change | +0.94% |
| 7d change | -5.11% |
| Blockchain | Ethereum |
| Sector | DeFi |
Analysis
The asset plays a central role in liquid staking on Ethereum. It wraps, meaning it encapsulates, staked ETH to create a tradable token. This technical mechanism allows for the collection of rewards while remaining liquid.