stETH is a liquid staking token issued by Lido on Ethereum, representing ETH staked through Lido. It is an ERC-20 token that can be transferred and used on-chain.

Lido Staked Ether Price Today, Live Market & Historical Trend Chart

Q: How is stETH related to ETH?

After users submit ETH to Lido, the protocol mints corresponding stETH. The token represents staked ETH in the protocol pool and its staking results, rather than an independent native coin.

Q: What can stETH be used for?

stETH keeps a staking position usable. Holders can transfer it or use it in supported DeFi applications while it continues to reflect underlying staking results.

Q: Why does my stETH balance change?

stETH is a rebasing token. Its balance is usually adjusted after oracle reports to reflect changes in ETH in the protocol pool. Balance changes do not imply a fixed or guaranteed yield.

Q: How is stETH issued and burned?

stETH is minted when ETH is deposited and burned when redeemed through protocol withdrawals. Its supply also reflects underlying changes such as staking rewards and possible validator penalties.

Q: Can stETH be directly exchanged for ETH?

Protocol-level ETH withdrawals depend on Ethereum validator exits and withdrawal processes, which may involve queues, limits, or waiting periods. Holding stETH does not mean it can always be instantly exchanged for ETH.

Q: What is the difference between stETH and wstETH?

stETH differs from wstETH: stETH rebases, so token balances are usually adjusted with protocol reports; wstETH is a wrapped form of stETH, often used where a non-rebasing token amount is required.

Q: Can stETH be used in DeFi?

stETH can be used as a transferable asset in supported decentralized finance applications, such as for lending, liquidity, or other on-chain operations governed by each application's own rules.

Q: Will stETH's market price always equal ETH?

No. The secondary-market price of stETH may deviate from ETH because of market volatility and liquidity conditions. Protocol withdrawals and secondary-market trading are also different exit paths.

Q: What are the main risks of holding stETH?

stETH staking results are affected by underlying validator performance and protocol operations. Events such as validator penalties may affect ETH managed by the protocol, and token balances may be adjusted accordingly.

Rank 12

$2,466.8

+$70.4(+2.94%)

Market Cap

$23.56B

24h High

$2,470.1

24h Low

$2,396.3

24h Turnover

$1.98K

Total Supply

8.98M

Market Sentiment

Neutral

Lido Staked Ether (STETH) Price Performance

View Lido Staked Ether (STETH) Price Prediction

Lido Staked Ether (STETH) has a Last Price of $2,466.8, with a 24h change of +2.94%. The 24h low is $2,396.3, the 24h high is $2,470.1, and the 24h turnover is $1.98K. The current market cap is approximately $23.56B, ranking 12 by market cap and accounting for 0.42% of the total crypto market cap. The All-Time High is $4,932.8 (⁦2025-08-24⁩), with a change from the All-Time High of -49.99%.

7 Days
+1.64%
Low
$2,324.7
High
$2,487.3
30 Days
-10.92%
Low
$2,324.7
High
$2,785.4
90 Days
+31.07%
Low
$1,827.3
High
$2,796.7
1 Year
-36.13%
Low
$1,515.0
High
$4,257.6

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 55; Normal
Last Week: 62; Greed
Last Month: 70; Greed

The Fear & Greed Index is currently 63/100, in the Greed zone; change from yesterday: +8, from last week: +1, and from last month: -7. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Lido Staked Ether (STETH) Rise in the Last 24 Hours?

STETH is Lido’s liquid-staking derivative for ETH, and its price is generally anchored to ETH. Deviations may reflect a liquidity premium or discount, or pressure from the withdrawal queue. Order-book data for 2026-10-19 to 2026-10-20 showed a 0.75 ratio between bid and ask depth across the top five levels, indicating relatively balanced sides without clear one-sided pressure. However, total orders on each side were below three tokens, so the shallow depth meant that even limited trading could have a larger price impact. This historical order-book data cannot by itself explain current moves, and no distinct catalyst was identified for the report window.

About Lido Staked Ether (STETH)

Lido is an ETH 2.0 liquid staking solution enabling users to stake ETH without locking assets or maintaining infrastructure. It solves ETH 2.0 staking issues like illiquidity and immobility, supporting any ETH amount. stETH, its staking token, powers Ethereum applications and protocols.

Use Cases and Features

Lido Staked Ether (stETH) is a transferable, rebasing ERC-20 token representing ETH staked through Lido. It lets users retain a staking position while using the token for transfers, trading, or DeFi applications; balances adjust with staking results. Protocol withdrawals may still be affected by exit procedures, queues, and limits, and the secondary-market price may also deviate from ETH.

Supply and Issuance Mechanism

stETH is minted in the corresponding amount when users deposit ETH with Lido, and corresponding stETH is burned when withdrawing through the protocol. Its total supply reflects the ETH managed by the protocol, staking rewards, and possible validator penalties; holder balances are generally rebased following oracle reports.

ETH Staking

USDT

Website

Explorers

How to Buy and Use Lido Staked Ether (STETH)

How to Buy

Buy in just four steps (Log in -> Verify -> Purchase -> Receive crypto)

Verify

Trade

Receive Assets

Related Markets

Spot

STETH/USDT

Trade

Fiat Exchange

STETH to USD$2,467.00

STETH to RUB₽190,778.04

STETH to EUR€2,157.63

STETH to BRLR$12,747.23

STETH to INR₹235,489.70

STETH to AEDد.إ9,060.05

More STETH Converter

Lido Staked Ether (STETH) Basics & Market Insights

Fundamentals

Interpret the clever design of stETHIntermediate

What is stETH? A comprehensive guide to Lido's liquid stakingBeginner

stETH: Ethereum’s Preeminent Institutional Grade ProductAdvanced

Market Analysis

stETH vs rETH: Analyzing the Landscape of Liquid Staking and the Decentralization PremiumThis article provides an in-depth analysis of Lido and Rocket Pool’s contrasting philosophies across four key dimensions: TVL, node structure, APY, and tokenomics.2026-05-26

stETH or rETH: Two Mechanisms and Yield Strategies for Ethereum Liquid Staking After the Glamsterdam UpgradeEthereum’s Glamsterdam upgrade is set to go live, reshaping the landscape of liquid staking.2026-05-21

Lido (LDO) In-Depth Analysis: Declining Market Share and Value Misalignment for stETH Amid Ethereum Staking DominanceThis article examines the origins and evolution of this contradiction from three perspectives: the Glamsterdam upgrade, regulatory classification, and community decentralization.2026-05-15

Frequently Asked Questions About Lido Staked Ether (STETH)

What is stETH?

How is stETH related to ETH?

What can stETH be used for?

Why does my stETH balance change?

How is stETH issued and burned?

Can stETH be directly exchanged for ETH?

What is the difference between stETH and wstETH?

Can stETH be used in DeFi?

Will stETH's market price always equal ETH?

What are the main risks of holding stETH?

Is stETH the native coin of an independent blockchain?

Where can I find official information about stETH?

Risk Disclosure

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

The information provided on this page is for general reference only and does not constitute any form of investment, financial, legal, tax, or trading advice, nor does it constitute any offer, solicitation, or recommendation. Gate makes no representations or warranties regarding the accuracy, completeness, or timeliness of the relevant information and assumes no liability for any losses arising from users' own decisions based on such information. Gate products and services may be restricted in certain jurisdictions or for certain users. Before using the relevant services, please ensure compliance with applicable laws and regulations, and refer to the User Agreement for provisions regarding restricted regions and service limitations.