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Liquid Staking
Liquid-staking protocols ranked by total value locked. Not financial advice.
| # | Protocol | Chain | 24h | TVL |
|---|---|---|---|---|
| 1 |  Lido | Multi-Chain | -0.41% | $24.23B |
| 2 | Binance staked ETH | Multi-Chain | -0.31% | $9.30B |
| 3 | ether.fi Stake | Multi-Chain | -0.24% | $4.77B |
| 4 | JustLend sTRX | Tron | -0.31% | $3.26B |
| 5 | Sanctum Validator LSTs | Solana | -0.61% | $1.81B |
| 6 |  Rocket Pool | Ethereum | -0.30% | $1.30B |
| 7 | Jito Liquid Staking | Solana | -0.44% | $1.15B |
| 8 | Binance Staked SOL | Solana | -0.63% | $1.13B |
| 9 | StakeWise V3 | Multi-Chain | -0.09% | $944.65M |
| 10 | Kinetiq kHYPE | Hyperliquid L1 | -3.57% | $921.78M |
| 11 | Lista Liquid Staking | Binance | +0.73% | $777.72M |
| 12 | Liquid Collective | Ethereum | -0.31% | $682.71M |
| 13 | mETH Protocol | Ethereum | -0.36% | $584.24M |
| 14 |  Jupiter Staked SOL | Solana | -0.78% | $568.69M |
| 15 | Coinbase Wrapped Staked ETH | Ethereum | +0.91% | $478.28M |
| 16 | Drift Staked SOL | Solana | -0.60% | $305.84M |
| 17 | Stader | Multi-Chain | -0.14% | $251.21M |
| 18 | Marinade Liquid Staking | Solana | -0.78% | $250.60M |
| 19 | Benqi Staked Avax | Avalanche | +1.94% | $245.68M |
| 20 | Forward Industries SOL | Solana | -0.68% | $238.57M |
| 21 | Tonstakers LSD | TON | +3.74% | $202.41M |
| 22 | DFDV Staked SOL | Solana | -0.59% | $201.44M |
| 23 | stHYPE | Hyperliquid L1 | -4.36% | $187.64M |
| 24 | Phantom SOL | Solana | -0.67% | $175.99M |
| 25 | Bybit Staked SOL | Solana | -0.60% | $154.61M |
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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