Ask about Coinbase Wrapped Staked ETH

Logo of Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH

Total Value Locked$474.93m

TVL by Chain

Ethereum$474.93m

Key Metrics

Fees 30d$2.52m
Fees 30d by chain

Ethereum$2.52m

Fees 7d$593,672

Ethereum$593,672

Fees 24h$79,874

Ethereum$79,874

Cumulative Fees$62.77m

Ethereum$62.77m

Revenue 30d$251,984
Revenue 30d by chain

Ethereum$251,984

Revenue 7d$59,367

Ethereum$59,367

Revenue 24h$7,987

Ethereum$7,987

Cumulative Revenue$6.28m

Ethereum$6.28m

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 APY2.42%

Competitors

Lido ($24.347b)Binance staked ETH ($9.334b)ether.fi Stake ($4.788b)Rocket Pool ($1.304b)StakeWise V3 ($946.47m)Liquid Collective ($685.58m)mETH Protocol ($586.4m)Stader ($251.79m)Frax Ether ($126.41m)stake.link liquid ($93.78m)

Frequently Asked Questions

What is Coinbase Wrapped Staked ETH's TVL?

Coinbase Wrapped Staked ETH currently has $474.93m in total value locked. TVL has increased 0.3% 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 $2.52m in fees. Of that, $251,984 was protocol revenue. Based on the trailing year, the annualized rate is $31.47m in fees and $3.15m 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 $56.962b across 267 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 2.4%.