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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 | -0.37% | $23.69B |
| 2 | Binance staked ETH | Multi-Chain | -1.47% | $9.14B |
| 3 | ether.fi Stake | Multi-Chain | -0.40% | $4.34B |
| 4 | Sanctum Validator LSTs | Solana | -4.25% | $1.47B |
| 5 |  Rocket Pool | Ethereum | -0.85% | $1.29B |
| 6 | Kinetiq kHYPE | Hyperliquid L1 | +2.42% | $1.16B |
| 7 | Binance Staked SOL | Solana | -3.90% | $995.63M |
| 8 | Jito Liquid Staking | Solana | -1.37% | $974.15M |
| 9 | StakeWise V3 | Multi-Chain | -1.89% | $910.48M |
| 10 | Liquid Collective | Ethereum | -1.48% | $786.52M |
| 11 | Lista Liquid Staking | Binance | -2.09% | $643.38M |
| 12 | mETH Protocol | Ethereum | -0.95% | $580.54M |
| 13 |  Jupiter Staked SOL | Solana | -4.44% | $503.02M |
| 14 | Coinbase Wrapped Staked ETH | Ethereum | -1.46% | $472.91M |
| 15 | Drift Staked SOL | Solana | -4.68% | $272.87M |
| 16 | Stader | Multi-Chain | -0.97% | $252.07M |
| 17 | Marinade Liquid Staking | Solana | -1.41% | $231.50M |
| 18 | stHYPE | Hyperliquid L1 | -0.90% | $224.47M |
| 19 | Tonstakers LSD | TON | -1.01% | $183.09M |
| 20 | Benqi Staked Avax | Avalanche | -3.12% | $167.31M |
| 21 | Phantom SOL | Solana | -1.72% | $163.35M |
| 22 | JPool | Solana | -4.80% | $133.24M |
| 23 | The Vault Liquid Staking | Solana | -4.68% | $130.17M |
| 24 |  Frax Ether | Multi-Chain | -1.54% | $124.50M |
| 25 | Bybit Staked SOL | Solana | -3.27% | $120.47M |
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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