What is Wrapped stETH (WSTETH)?
wstETH is a wrapped version of stETH. Instead of rebasing, or changing account holdings daily it is similar to a c-token. It represents a pro-rata ownership of the staked ETH (stETH). When someone exits wstETH they are returned principal stETH + stETH earnings. Lido is a liquid staking protocol for POS blockchains. It gives you a liquid token that represents your staked collateral and earnings over time. Lido removes the need to run infrastructure and enabling continued participation in DeFi. wstETH is minted and burned as stETH is wrapped and unwrapped.
Where can you buy Wrapped stETH?
Wrapped stETH (WSTETH) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for WSTETH sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting WSTETH, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Wrapped stETH (WSTETH)?
The reported 24-hour trading volume of Wrapped stETH is $6.91M. Volume is a live reading of how much WSTETH changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Wrapped stETH (WSTETH)?
Wrapped stETH reached an all-time high of $7,256.02 on May 13, 2022, and an all-time low of $558.54 on May 12, 2022. It is currently trading -57.25% from its peak and +455.34% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where WSTETH sits in its long-run price range.