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Lido Staked Ether STETH
During the accumulation phase, trading volumes are significantly higher than usual. The price fluctuates within a range for extended periods, delivering failed breaks in both directions, which makes it harder to analyse future price move. Find out more at dropstab.com/insights/accumulation-phase
STETH Price
Market Cap
$22.75 BRank #503FDV
$22.56 BRank #2556Investors
X Followers
Detailed Performance
STETH shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
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About Lido Staked Ether (STETH)
What is Lido Staked Ether?
Lido Staked Ether (stETH) is a cryptocurrency that represents Ethereum (ETH) that has been staked on the Ethereum 2.0 network. Staking involves locking up ETH in order to support the network's security and consensus mechanism. Lido is a platform that allows users to participate in staking without the need to maintain their own staking infrastructure. By depositing ETH into Lido, users receive stETH tokens that represent their staked ETH. These stETH tokens can be traded or used for other purposes, such as lending or borrowing, through platforms like Aave.
What makes Lido Staked Ether unique?
Lido Staked Ether (stETH) is unique compared to other cryptocurrencies because it is a liquid staking solution for Ethereum. This means that users can earn staking rewards without having to maintain staking infrastructure themselves. Lido achieves this by using a selection of carefully vetted validators. Additionally, stETH can be put to use across various platforms in the Lido ecosystem, such as Curve, Yearn, Sushi, and 1inch, allowing users to compound their rewards.
Live Lido Staked Ether Price Data
The current price of Lido Staked Ether (STETH) is approximately $2,515.00, reflecting a increase of 0.65% in the last 24 hours. The STETH trading volume in the last 24 hours stands at $4.09 million. Lido Staked Ether's market cap is currently $22.75 billion, accounting for about < 0.01% of the total crypto market cap. The circulating supply of STETH is 8.97 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Lido Staked Ether's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on STETH, check out our crypto insights page.