Data desk · Live
Liquid Staking
Liquid-staking protocols ranked by total value locked. Not financial advice.
| # | Protocol | Chain | 24h | TVL |
|---|---|---|---|---|
| 1 | Multi-Chain | -2.76% | $23.27B | |
| 2 | Binance staked ETH | Multi-Chain | -4.47% | $8.95B |
| 3 | ether.fi Stake | Multi-Chain | -3.06% | $4.55B |
| 4 | JustLend sTRX | Tron | -0.40% | $3.26B |
| 5 | Sanctum Validator LSTs | Solana | -3.15% | $1.83B |
| 6 | Ethereum | -7.46% | $1.17B | |
| 7 | Binance Staked SOL | Solana | -1.96% | $1.10B |
| 8 | Jito Liquid Staking | Solana | -3.74% | $1.09B |
| 9 | StakeWise V3 | Multi-Chain | -3.79% | $913.63M |
| 10 | Kinetiq kHYPE | Hyperliquid L1 | -3.35% | $823.74M |
| 11 | Lista Liquid Staking | Binance | -1.88% | $756.49M |
| 12 | Liquid Collective | Ethereum | -3.16% | $658.81M |
| 13 | mETH Protocol | Ethereum | -2.73% | $563.75M |
| 14 | Solana | -2.10% | $547.29M | |
| 15 | Coinbase Wrapped Staked ETH | Ethereum | -2.55% | $472.85M |
| 16 | Forward Industries SOL | Solana | -3.04% | $291.89M |
| 17 | Drift Staked SOL | Solana | -3.55% | $291.46M |
| 18 | Marinade Liquid Staking | Solana | -2.21% | $235.94M |
| 19 | Stader | Multi-Chain | -4.15% | $225.40M |
| 20 | DFDV Staked SOL | Solana | +1.26% | $222.16M |
| 21 | Benqi Staked Avax | Avalanche | -7.40% | $217.00M |
| 22 | Tonstakers LSD | TON | -1.46% | $189.91M |
| 23 | stHYPE | Hyperliquid L1 | -3.14% | $172.30M |
| 24 | Phantom SOL | Solana | -3.52% | $167.89M |
| 25 | Bybit Staked SOL | Solana | -2.52% | $149.65M |
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.