Lido Staked Ether

Get Lido Staked Ether (STETH) all time high price, historical charts, latest news and other information.

With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com.
Lido Finance’s TVL Dominates Defi with a 21.59% Share
The value of liquid staking tokens associated with ethereum (ETH) has increased significantly over the last week following ether’s 11.9% gains against the U.S. dollar. In particular, Lido’s staked ethereum token, STETH, now has a market capitalization above the $10 billion range, reaching $10.36 billion on Monday, March 20, 2023. According to coingecko statistics, STETH’s market valuation now ranks ninth, with dogecoin’s (DOGE) market capitalization holding the tenth position.

Above STETH is the market valuation of polygon (MATIC) at $10.42 billion. Currently, there is a circulating supply of around 5.8 million STETH, and over the past 24 hours, the token has recorded $22.35 million in global trades. The most active exchanges dealing with STETH on Monday are Bybit, Gate.io, and Huobi. STETH has gained 12.4% this week and 4.6% over the past 30 days.

STETHUSD chart by TradingView



Currently, Lido Finance’s website estimates that STETH stakers are receiving around a 5.9% annual percentage rate (APR) by staking the token. At the time of writing, Lido is the largest decentralized finance (defi) protocol out of the $49.01 billion total value locked (TVL) on Monday. Lido’s TVL accounts for 21.59% of the entire amount of value locked in defi. In the last seven days, defillama.com statistics show that Lido’s TVL has increased by 8.9%, and over 30 days, it has grown by 17.07%.

Defillama.com explains that on Monday, 7.83 million ETH worth $13.98 billion is staked in liquid staking protocols today. Lido’s STETH represents 74.51% of the aggregate. Coinbase’s Wrapped Ether token protocol has $2.1 billion in total value locked, or 1.16 million Ethereum. It is the second-largest liquid staking project in terms of TVL.
While STETH is shown on coingecko.com as the ninth-largest coin by market cap, this is not the case with other crypto market aggregation sites like coinmarketcap.com. Because it’s a synthetic version of Ether, some crypto market aggregation sites do not include STETH in the top ten, despite its capitalization size.
What are your thoughts on the increasing market capitalization of STETH and its role in the growing liquid staking ecosystem? Do you think STETH will continue to climb up the rankings of the top cryptocurrencies? Share your thoughts about this subject in the comments section below.



With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido&#x2019;s staked ether has increased to $10.3 billion. This recent increase has propelled the token&#x2019;s overall market valuation to the ninth-lar...

news.bitcoin.com

Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation

Ethereum’s Shanghai upgrade is set to unlock a trove of staked Ether and possibly benefit other staking protocols that offer lucrative yields.

cointelegraph.com

Ethereum Shanghai upgrade could benefit liquid staking providers and cement ETH’s layer-1 dominance

According to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum’s core developers emphasized that staked withdrawals are a priority and code related to EVM Object Format changes, or EOF, was removed from Shanghai to ensure that the focus remains on staked withdrawals.
Staked Withdrawal Priority: Shanghai Public Testnet Deployment Scheduled for February, Hard Fork Tentatively Set for March
During the first week of December 2022, Bitcoin.com News reported on the 151st Ethereum developers meeting, and the programmers recently finished the 152nd meeting on Jan. 5, 2023. The meeting mostly focused on the removal of EOF implementation from Shanghai, and developers decided not to review any Ethereum Improvement Proposals (EIPs) related to EOF until the Shanghai hard fork has completed.
Both Galaxy Digital’s research associate Christine Kim and Ethereum core developer Tim Beiko summarized the ACD meeting. “On the Shanghai front, a first devnet was set up with all client combinations right before Christmas,” Beiko said after the meeting. “While they are all running, some pairs have more issues than others.”

Galaxy’s research associate explained that Devops programmer Barnabus Busa updated the team on the testing of staked ETH withdrawals. “He said that the current developer test network for Shanghai, which was launched just before Christmas, has already progressed to block 4,000,” Kim said. “All EL and CL client combinations are currently running on this testnet. A few client combinations such as Teku-Erigon and Lighthouse-Erigon are experiencing issues.”

Withdrawing staked ether has been a major concern for the community, and many want to know when it will happen. The Ethereum developers suggested that a new testnet will be deployed next month, with the Shanghai hard fork tentatively scheduled to go live by March.

At the time of writing, there is 15.96 million ether locked into the Beacon deposit contract. Additionally, the network is just days away from reaching 500,000 validators. The Shanghai fork will be the next major upgrade for the Ethereum development team since The Merge.
What do you think about the latest Ethereum developer meeting and discussions revolving around the upcoming Shanghai fork? Let us know your thoughts about this subject in the comments section below. 



According to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum&#x2019;s core developers emphasized tha...

Lido Staked Ether price	$1,712.59
Low - High 24H	$1,650.07 - $1,778.37
Market cap	$10.06B
Volume 24H	$19.96M
All time high	$4,829.57 -64.54% November 10th 2021
All time low	$482.90 254.62% December 22nd 2020
Genesis date	N/A

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