Lido Staked Ether (STETH) price has declined today.
The price of Lido Staked Ether (STETH) is $1,746.34 today with a 24-hour trading volume of $140,011,761. This represents a -2.90% price decline in the last 24 hours and a 4.40% price increase in the past 7 days. With a circulating supply of 5.8 Million STETH, Lido Staked Ether is valued at a market cap of $10,190,909,388.
Lido Staked Ether (stETH) is a token that represents your staked ether in Lido, combining the value of initial deposit and staking rewards. stETH tokens are minted upon deposit and burned when redeemed.
While the price of stETH to ETH is based on the market demand, stETH token balances are pegged 1:1 to the ethers that are staked by Lido and the token’s balances are updated daily to reflect earnings and rewards. At this moment, stETH price can deviate from 1 ETH as it is currently not possible to claim the underlying ETH until Ethereum 2.0 fully merges. stETH tokens can be used as one would use ether, allowing you to earn ETH 2.0 staking rewards whilst benefiting from e.g. yields across decentralised finance products.
As of June 11, 2022, 1 stETH is worth 0.955 ETH due to liquidity issue and supposed additional risks due to the delay of the merge alongside with DAO/smart contract risks.
Where can you buy Lido Staked Ether?
STETH tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Lido Staked Ether is Uniswap (v2), where the most active trading pair STETH/WETH has a trading volume of $139,847.51 in the last 24 hours. Other popular options include Bybit and Gate.io.
What is the daily trading volume of Lido Staked Ether (STETH)?
The trading volume of Lido Staked Ether (STETH) is $140,061,820.47 in the last 24 hours, representing a 244.00% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Lido Staked Ether (STETH)?
The highest price paid for Lido Staked Ether (STETH) is $4,829.57, which was recorded on Nov 10, 2021 (over 1 year). Comparatively, the current price is -63.90% lower than the all-time high price.
What is the all-time low for Lido Staked Ether (STETH)?
The lowest price paid for Lido Staked Ether (STETH) is $482.90, which was recorded on Dec 22, 2020 (about 2 years). Comparatively, the current price is 260.60% higher than the all-time low price.
What is the market cap of Lido Staked Ether (STETH)?
Market capitalization of Lido Staked Ether (STETH) is $10,168,342,507 and is ranked #8 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of STETH tokens (5.8 Million tokens are tradable on the market today).
What is the fully diluted valuation of Lido Staked Ether (STETH)?
The fully diluted valuation (FDV) of Lido Staked Ether (STETH) is $10,168,342,507. This is a statistical representation of the maximum market cap, assuming the maximum number of 5.8 Million STETH tokens are in circulation today. Depending on how the emission schedule of STETH tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Lido Staked Ether compare against its peers?
With a price increase of 4.40% in the last 7 days, Lido Staked Ether (STETH) is underperforming the global cryptocurrency market which is up 5.40%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Lido Staked Ether today?
The community is bullish as more than 71% of users are feeling good about Lido Staked Ether (STETH) today.
How to add Lido Staked Ether (STETH) to MetaMask?
Adding Lido Staked Ether (STETH) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import STETH as a token. You can copy STETH’s contract address (0xae7ab96520de3a18e5e111b5eaab095312d7fe84) and import it manually, or if you've installed MetaMask's chrome extension, add STETH to MetaMask with one click on CoinGecko.
Add STETH to MetaMask.
