What Wrapped stETH is
Wrapped stETH (WSTETH) is a liquid-staking / restaking derivative token, currently ranked 16th by market capitalization among the assets we track. Wrapped stETH lets stakers have it both ways — yield from securing a network, plus liquidity to use the position elsewhere in DeFi. The token accrues value as the staking rewards beneath it compound.
How the yield and peg work
Holding Wrapped stETH 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.
Where Wrapped stETH sits in the market
At $1,950, Wrapped stETH carries a market capitalization of $6.11B. Around $2.15M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.04% of the float — on the quieter side, which can mean thinner liquidity for large orders.
What the price history shows
The tape currently reads 24-hour -2.89%, 7-day -8.05%.
Volatility profile
Recent action puts Wrapped stETH in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.
How to evaluate a liquid-staking token like Wrapped stETH
A grounded read on WSTETH comes down to three questions:
- Peg to underlying — whether WSTETH trades close to the value of the stake it represents.
- Provider risk — the smart-contract and validator risk of the staking protocol behind WSTETH.
- 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.
