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Liquid Staking
Liquid-staking protocols ranked by total value locked. Not financial advice.
| # | Protocol | Chain | 24h | TVL |
|---|---|---|---|---|
| 1 | Multi-Chain | +0.52% | $18.17B | |
| 2 | Binance staked ETH | Multi-Chain | +0.53% | $7.14B |
| 3 | Sanctum Validator LSTs | Solana | +3.55% | $1.12B |
| 4 | Ethereum | +0.06% | $1.01B | |
| 5 | Kinetiq kHYPE | Hyperliquid L1 | -0.35% | $788.30M |
| 6 | Binance Staked SOL | Solana | +3.67% | $777.66M |
| 7 | Jito Liquid Staking | Solana | +3.55% | $759.54M |
| 8 | StakeWise V2 | Multi-Chain | +0.24% | $715.28M |
| 9 | Liquid Collective | Ethereum | +0.28% | $613.76M |
| 10 | Lista Liquid Staking | Binance | +2.02% | $569.95M |
| 11 | mETH Protocol | Ethereum | +0.23% | $464.34M |
| 12 | Solana | +3.58% | $394.54M | |
| 13 | Coinbase Wrapped Staked ETH | Ethereum | +0.51% | $355.90M |
| 14 | Drift Staked SOL | Solana | +3.56% | $214.01M |
| 15 | Stader | Multi-Chain | +0.81% | $203.27M |
| 16 | Marinade Liquid Staking | Solana | +3.40% | $183.22M |
| 17 | Tonstakers LSD | TON | +2.05% | $165.47M |
| 18 | stHYPE | Hyperliquid L1 | -1.08% | $154.61M |
| 19 | Benqi Staked Avax | Avalanche | +3.13% | $147.18M |
| 20 | Phantom SOL | Solana | +3.35% | $125.06M |
| 21 | DoubleZero Staked SOL | Solana | +3.56% | $115.11M |
| 22 | JPool | Solana | +3.59% | $105.65M |
| 23 | The Vault Liquid Staking | Solana | +3.81% | $103.30M |
| 24 | Multi-Chain | +0.41% | $97.81M | |
| 25 | Bybit Staked SOL | Solana | +3.42% | $93.93M |
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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