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Liquid Staking
Liquid-staking protocols ranked by total value locked. Not financial advice.
| # | Protocol | Chain | 24h | TVL |
|---|---|---|---|---|
| 1 | Multi-Chain | +0.86% | $26.67B | |
| 2 | Binance staked ETH | Multi-Chain | +1.10% | $10.12B |
| 3 | ether.fi Stake | Multi-Chain | +0.85% | $5.23B |
| 4 | JustLend sTRX | Tron | -1.00% | $3.28B |
| 5 | Sanctum Validator LSTs | Solana | +2.98% | $2.02B |
| 6 | Ethereum | +1.10% | $1.42B | |
| 7 | Jito Liquid Staking | Solana | +3.01% | $1.29B |
| 8 | Binance Staked SOL | Solana | +2.81% | $1.27B |
| 9 | Kinetiq kHYPE | Hyperliquid L1 | +1.75% | $1.16B |
| 10 | StakeWise V3 | Multi-Chain | +0.88% | $1.02B |
| 11 | Lista Liquid Staking | Binance | +0.61% | $900.45M |
| 12 | Liquid Collective | Ethereum | -13.52% | $744.72M |
| 13 | Solana | +3.26% | $643.33M | |
| 14 | mETH Protocol | Ethereum | +1.15% | $639.13M |
| 15 | Coinbase Wrapped Staked ETH | Ethereum | +1.24% | $514.40M |
| 16 | Drift Staked SOL | Solana | +3.28% | $350.41M |
| 17 | Marinade Liquid Staking | Solana | +3.28% | $287.24M |
| 18 | Stader | Multi-Chain | +0.94% | $276.37M |
| 19 | Benqi Staked Avax | Avalanche | +5.41% | $260.31M |
| 20 | DFDV Staked SOL | Solana | +2.87% | $223.83M |
| 21 | stHYPE | Hyperliquid L1 | +1.46% | $218.41M |
| 22 | Tonstakers LSD | TON | +8.79% | $210.17M |
| 23 | Phantom SOL | Solana | +3.32% | $198.45M |
| 24 | The Vault Liquid Staking | Solana | +2.86% | $165.94M |
| 25 | Bybit Staked SOL | Solana | +2.82% | $158.36M |
Source: DefiLlama. Figures are informational and not financial advice.
What liquid staking actually does
Liquid staking lets you stake a proof-of-stake asset to help secure the network and earn rewards, while holding a tradeable receipt token that stays usable elsewhere in DeFi — instead of locking the original asset with no liquidity. Rising TVL tends to track staking yield relative to other options.
What to watch
- The receipt token’s peg to the underlying asset — small discounts can appear during periods of stress.
- How decentralized the validator set actually is, since concentration adds risk.
- Staking yields float and the underlying asset’s price risk is unchanged — this isn’t a fixed-return product.
Articles & guides
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