What Wrapped Beacon ETH is
Wrapped Beacon ETH (WBETH) is a liquid-staking / restaking derivative token, currently ranked 19th by market capitalization among the assets we track. Wrapped Beacon ETH is a liquid-staking token: it represents staked capital (usually ETH) while staying tradeable, so holders earn staking yield without locking their funds. Its value is the underlying stake plus accrued rewards.
Wrapped Beacon ETH (WBETH) is a token that represents staked Ethereum on the Beacon Chain, allowing users to participate in Ethereum 2.0 staking while maintaining liquidity. It can be traded, enabling holders to access capital without withdrawing their staked ETH.
How the yield and peg work
Holding Wrapped Beacon ETH is holding staking yield in liquid form. The main risks are the staking provider's smart contracts and any divergence between the token's market price and the redeemable value of the stake.
WBETH is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
Wrapped Beacon ETH first went live in 2023, giving it roughly 3 years of on-chain price history to draw on. Wrapped Beacon ETH operates under a centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. CoinPaprika classifies the project's development status as "Working product".
In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20) and Binance Coin (BNB) Token (BEP-20).
Where Wrapped Beacon ETH sits in the market
At $1,731, Wrapped Beacon ETH carries a market capitalization of $5.65B. Around $13.70M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.24% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Wrapped Beacon ETH carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. The token is roughly -68% under its record of $5,325 — a meaningful but not catastrophic drawdown. Measured from its all-time low of $772.19, WBETH is up +124%.
What the price history shows
The tape currently reads 24-hour -2.87%, 7-day -4.48%, 30-day -14.44%, 1-year -22.05%. Across roughly the last 365 days of daily candles, WBETH endured a peak-to-trough drawdown of about 62% before stabilizing.
Volatility profile
Recent action puts Wrapped Beacon ETH in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals -14.44%, a useful input for stop placement and position sizing.
How to evaluate a liquid-staking token like Wrapped Beacon ETH
A grounded read on WBETH comes down to three questions:
- Peg to underlying — whether WBETH trades close to the value of the stake it represents.
- Provider risk — the smart-contract and validator risk of the staking protocol behind WBETH.
- Yield and unlocks — the staking yield and how withdrawal queues behave under stress.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
