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Liquid Staking
Liquid-staking protocols ranked by total value locked. Not financial advice.
| # | Protocol | Chain | 24h | TVL |
|---|---|---|---|---|
| 1 | Multi-Chain | +0.72% | $16.58B | |
| 2 | Binance staked ETH | Multi-Chain | +1.65% | $6.76B |
| 3 | Sanctum Validator LSTs | Solana | -1.38% | $1.11B |
| 4 | Kinetiq kHYPE | Hyperliquid L1 | -0.57% | $987.68M |
| 5 | Ethereum | +0.62% | $956.44M | |
| 6 | Binance Staked SOL | Solana | -1.04% | $777.43M |
| 7 | Jito Liquid Staking | Solana | -1.48% | $768.63M |
| 8 | StakeWise V2 | Multi-Chain | +0.79% | $680.93M |
| 9 | Liquid Collective | Ethereum | +0.73% | $576.29M |
| 10 | Lista Liquid Staking | Binance | +0.34% | $547.23M |
| 11 | mETH Protocol | Ethereum | +1.64% | $467.36M |
| 12 | Solana | +0.32% | $409.28M | |
| 13 | DoubleZero Staked SOL | Solana | -1.02% | $404.60M |
| 14 | Coinbase Wrapped Staked ETH | Ethereum | +1.70% | $309.28M |
| 15 | Stader | Multi-Chain | -1.62% | $236.79M |
| 16 | Drift Staked SOL | Solana | -1.01% | $216.15M |
| 17 | Tonstakers LSD | TON | +0.26% | $197.97M |
| 18 | stHYPE | Hyperliquid L1 | -0.84% | $197.34M |
| 19 | Marinade Liquid Staking | Solana | -1.02% | $188.66M |
| 20 | Benqi Staked Avax | Avalanche | -0.90% | $153.82M |
| 21 | Phantom SOL | Solana | -0.90% | $121.91M |
| 22 | JPool | Solana | -1.05% | $107.30M |
| 23 | The Vault Liquid Staking | Solana | +1.52% | $105.82M |
| 24 | Multi-Chain | +0.67% | $98.26M | |
| 25 | Bybit Staked SOL | Solana | +0.33% | $94.89M |
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.
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