Ask about Coinbase Wrapped Staked ETH

Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH

Total Value Locked$491.79m

TVL by Chain

Ethereum$491.79m

Key Metrics

Fees 30d$2.4m
Fees 30d by chain

Ethereum$2.4m

Fees 7d$559,067

Ethereum$559,067

Fees 24h$83,967

Ethereum$83,967

Cumulative Fees$61.14m

Ethereum$61.14m

Revenue 30d$239,971
Revenue 30d by chain

Ethereum$239,971

Revenue 7d$55,908

Ethereum$55,908

Revenue 24h$8,397

Ethereum$8,397

Cumulative Revenue$6.11m

Ethereum$6.11m

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.

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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 APY2.33%

Competitors

Lido ($25.23b)Binance staked ETH ($9.622b)ether.fi Stake ($4.833b)Rocket Pool ($1.348b)StakeWise V3 ($976m)Liquid Collective ($827.51m)mETH Protocol ($591.88m)Stader ($263.42m)Frax Ether ($131.43m)stake.link liquid ($87.74m)

Frequently Asked Questions

What is Coinbase Wrapped Staked ETH's TVL?

Coinbase Wrapped Staked ETH currently has $491.79m in total value locked. TVL has increased 9.9% 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 $2.4m in fees. Of that, $239,971 was protocol revenue. Based on the trailing year, the annualized rate is $32.7m in fees and $3.27m 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 #14 by TVL. The category holds $54.835b across 274 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%.