Ask about Coinbase Wrapped Staked ETH

Coinbase Wrapped Staked ETH

Total Value Locked$469.39m

TVL by Chain

Ethereum$469.39m

Key Metrics

Fees 30d$2.48m

Fees 30d by chain

Ethereum$2.48m

Fees 7d$528,788

Ethereum$528,788

Fees 24h$75,347

Ethereum$75,347

Cumulative Fees$63.14m

Ethereum$63.14m

Revenue 30d$247,868

Revenue 30d by chain

Ethereum$247,868

Revenue 7d$52,879

Ethereum$52,879

Revenue 24h$7,535

Ethereum$7,535

Cumulative Revenue$6.31m

Ethereum$6.31m

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.

Website GitHub X/Twitter

Category:Liquid Staking

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol Fees: Total validators and MEV rewards from staked ETH.Revenue: Coinbase takes a 10% staking service fee for ETH.

Yields

Pools Tracked1

Average Supply APY2.27%

Competitors

Lido ($23.442b)Binance staked ETH ($9.019b)ether.fi Stake ($4.615b)Rocket Pool ($1.262b)StakeWise V3 ($914.75m)Liquid Collective ($662.39m)mETH Protocol ($566.51m)Stader ($241.7m)Frax Ether ($122.37m)stake.link liquid ($90.37m)

Income statement for Coinbase Wrapped Staked ETH

YearlyQuarterlyMonthlyCumulative

	Q4 2026*	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024
Gross Protocol Revenue	$1.13M	$6.45M	$6.55M	$7.64M	$11.42M	$12.65M	$7.49M	$8.1M	$1.72M
Staking Rewards	$1.1M	$5.86M	$3.97M	$4.17M	$4.32M	$6.84M	$1.59M	-$1.9M	$49.74K
MEV Rewards	$23.92K	$587.94K	$2.58M	$3.47M	$7.1M	$5.81M	$5.9M	$10M	$1.67M
Cost of Revenue	$1.01M	$5.8M	$5.89M	$6.87M	$10.28M	$11.38M	$6.75M	$7.29M	$1.55M
Staking Rewards	$993.34K	$5.27M	$3.57M	$3.75M	$3.89M	$6.15M	$1.43M	-$1.71M	$44.76K
MEV Rewards	$21.53K	$529.14K	$2.32M	$3.12M	$6.39M	$5.23M	$5.31M	$9M	$1.5M
Gross Profit	$112.76K	$644.77K	$654.85K	$763.71K	$1.14M	$1.26M	$749.49K	$809.85K	$171.7K
Staking Rewards	$110.37K	$585.96K	$396.83K	$416.93K	$432.35K	$683.62K	$159.33K	-$190.38K	$4.97K
MEV Rewards	$2.39K	$58.82K	$258.02K	$346.79K	$709.76K	$581.04K	$590.16K	$1M	$166.72K
Earnings	$112.76K	$644.77K	$654.85K	$763.71K	$1.14M	$1.26M	$749.49K	$809.85K	$171.7K

Income flow visualization

YearlyQuarterlyMonthlyCumulative

Frequently asked questions

What is Coinbase Wrapped Staked ETH's TVL?

Coinbase Wrapped Staked ETH currently has $469.39m in total value locked. TVL has decreased 0.9% 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 $2.48m in fees. Of that, $247,868 was protocol revenue. Based on the trailing year, the annualized rate is $30.57m in fees and $3.06m 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 $54.968b across 265 protocols, and Coinbase Wrapped Staked ETH accounts for 0.9% 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%.