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Liquid Staking
Liquid-staking protocols ranked by total value locked. Not financial advice.
| # | Protocol | Chain | 24h | TVL |
|---|---|---|---|---|
| 1 | Multi-Chain | -1.50% | $20.10B | |
| 2 | Binance staked ETH | Multi-Chain | -1.73% | $7.98B |
| 3 | ether.fi Stake | Multi-Chain | -2.02% | $3.92B |
| 4 | JustLend sTRX | Tron | -0.56% | $3.14B |
| 5 | Sanctum Validator LSTs | Solana | -0.58% | $1.49B |
| 6 | Ethereum | -1.25% | $997.29M | |
| 7 | Binance Staked SOL | Solana | -1.24% | $908.96M |
| 8 | Jito Liquid Staking | Solana | -0.84% | $857.94M |
| 9 | StakeWise V3 | Multi-Chain | -1.71% | $808.22M |
| 10 | Kinetiq kHYPE | Hyperliquid L1 | -1.83% | $727.17M |
| 11 | Lista Liquid Staking | Binance | -1.10% | $689.35M |
| 12 | Liquid Collective | Ethereum | -0.03% | $575.36M |
| 13 | mETH Protocol | Ethereum | -1.31% | $489.71M |
| 14 | Solana | -0.90% | $427.64M | |
| 15 | Coinbase Wrapped Staked ETH | Ethereum | -1.70% | $409.06M |
| 16 | Forward Industries SOL | Solana | -1.09% | $263.78M |
| 17 | Drift Staked SOL | Solana | -3.35% | $231.74M |
| 18 | Benqi Staked Avax | Avalanche | +3.56% | $206.10M |
| 19 | Marinade Liquid Staking | Solana | -0.99% | $189.15M |
| 20 | Tonstakers LSD | TON | +8.95% | $178.63M |
| 21 | DFDV Staked SOL | Solana | -1.09% | $178.48M |
| 22 | Stader | Multi-Chain | -1.67% | $172.44M |
| 23 | stHYPE | Hyperliquid L1 | -1.40% | $165.72M |
| 24 | Phantom SOL | Solana | -1.72% | $136.61M |
| 25 | Bybit Staked SOL | Solana | -2.90% | $122.25M |
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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