Ask about Coinbase Wrapped Staked ETH

Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH

Total Value Locked$507.51m

TVL by Chain

Ethereum$507.51m

Key Metrics

Fees 30d$2.42m
Fees 30d by chain

Ethereum$2.42m

Fees 7d$591,362

Ethereum$591,362

Fees 24h$85,372

Ethereum$85,372

Cumulative Fees$61.49m

Ethereum$61.49m

Revenue 30d$242,252
Revenue 30d by chain

Ethereum$242,252

Revenue 7d$59,137

Ethereum$59,137

Revenue 24h$8,537

Ethereum$8,537

Cumulative Revenue$6.15m

Ethereum$6.15m

Protocol Information

Coinbase is allowing customers who stake ETH to receive an ERC20 utility token called Coinbase Wrapped Staked ETH (“cbETH”), which is a liquid representation of their staked-ETH.

WebsiteGitHubX/Twitter
Category:Liquid Staking

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total validators and MEV rewards from staked ETH.View code on GitHubRevenue: Coinbase takes a 10% staking service fee for ETH.View code on GitHub

Yields

Pools Tracked1

Average Supply APY2.34%

Competitors

Lido ($26.053b)Binance staked ETH ($9.919b)ether.fi Stake ($5.132b)Rocket Pool ($1.388b)StakeWise V3 ($1.005b)Liquid Collective ($852.74m)mETH Protocol ($624.93m)Stader ($269.51m)Frax Ether ($134.81m)stake.link liquid ($89.07m)

Frequently Asked Questions

What is Coinbase Wrapped Staked ETH's TVL?

Coinbase Wrapped Staked ETH currently has $507.51m in total value locked. TVL has increased 6.4% over the past 30 days.

What chains does Coinbase Wrapped Staked ETH operate on?

Coinbase Wrapped Staked ETH operates on Ethereum. Ethereum holds the largest share at 100%.

How much has Coinbase Wrapped Staked ETH generated in fees and revenue?

Over the past 30 days, Coinbase Wrapped Staked ETH generated $2.42m in fees. Of that, $242,252 was protocol revenue. Based on the trailing year, the annualized rate is $32.45m in fees and $3.25m in revenue.

How does Coinbase Wrapped Staked ETH's TVL compare to similar protocols?

Among Liquid Staking protocols tracked by DefiLlama, Coinbase Wrapped Staked ETH ranks #15 by TVL. The category holds $60.19b across 272 protocols, and Coinbase Wrapped Staked ETH accounts for 0.8% of that total. Other leading protocols include Lido, Binance staked ETH, ether.fi Stake, Rocket Pool, StakeWise V3, Liquid Collective, mETH Protocol, Stader, Frax Ether, and stake.link liquid.

How many yield pools does Coinbase Wrapped Staked ETH have?

DefiLlama tracks 1 Coinbase Wrapped Staked ETH yield pool with an average APY of 2.3%.