Ask about Coinbase Wrapped Staked ETH

Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH

Total Value Locked$499.81m

TVL by Chain

Ethereum$499.81m

Key Metrics

Fees 30d$2.38m
Fees 30d by chain

Ethereum$2.38m

Fees 7d$563,820

Ethereum$563,820

Fees 24h$84,151

Ethereum$84,151

Cumulative Fees$60.97m

Ethereum$60.97m

Revenue 30d$237,919
Revenue 30d by chain

Ethereum$237,919

Revenue 7d$56,383

Ethereum$56,383

Revenue 24h$8,415

Ethereum$8,415

Cumulative Revenue$6.1m

Ethereum$6.1m

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 APY2.35%

Competitors

Lido ($25.665b)Binance staked ETH ($9.794b)ether.fi Stake ($4.935b)Rocket Pool ($1.372b)StakeWise V3 ($993.82m)Liquid Collective ($842.18m)mETH Protocol ($602.29m)Stader ($265.04m)Frax Ether ($134m)stake.link liquid ($89.7m)

Frequently Asked Questions

What is Coinbase Wrapped Staked ETH's TVL?

Coinbase Wrapped Staked ETH currently has $499.81m in total value locked. TVL has increased 37.4% 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 $2.38m in fees. Of that, $237,919 was protocol revenue. Based on the trailing year, the annualized rate is $32.84m in fees and $3.28m 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 $55.9b across 273 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%.