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While ethereum-liquid staking protocols (LSPs) welcomed a hefty 690,000 $ETH influx across 14 weeks until the end of August, the tide has since shifted, with LSPs watching 60,000 $ETH slip away in just the last 27 days.
Billions in Motion: Ethereum Liquid Staking Now Worth $63.99B
$ETH LSPs have shed $268.55 million — about 60,000 ether — since Aug. 24, 2025, after raking in hefty inflows over the 14 weeks before that date. Today, ethereum-powered LSPs account for $63.99 billion of the $87.177 billion locked across all liquid staking protocols, giving the No. 2 crypto a hefty 73.4% slice of the pie.
Despite the 60,000 $ETH reduction, ethereum’s liquid staking world is serving up some serious numbers with plenty of sass. At the top of the food chain, Lido is flexing with a TVL of $38.524 billion across five unique chains, raking in $21.68 million in fees this past week, which trickled down into $2.17 million in revenue.
Not far behind in size but with a tighter focus, Binance Staked $ETH has locked $15.862 billion across two chains, data from defillama.com shows. It pulled in $8.01 million in fees, yet only $800,767 in revenue—big wallet, slimmer margins. Binance’s liquid staking protocol has really climbed the ranks over the past 12 months.
Rocket Pool holds third place with 636,780 $ETH ($2.856 billion TVL), though it dipped 0.33% over the past week. Liquid Collective stays put at 363,138 $ETH and $1.629 billion in TVL, barely budging with a -0.08% move in seven days. Stakewise V2, however, lit up the weekly chart, amassing 325,962 $ETH worth $1.462 billion in TVL, up 1.92% this week.
From there, the mid-tier players keep the drama alive. The LSP mETH Protocol holds 264,488 $ETH ($1.186 billion TVL) but wore the week’s biggest scar with an -8.06% drop. Stader clocks in at 160,327 $ETH worth $721.88 million, easing just 0.18% over seven days. Meanwhile, Coinbase Wrapped Staked $ETH stole the spotlight, jumping 10.27% this week to 139,426 $ETH ($624.39 million TVL).
Frax Ether shows up with 90,468 $ETH and a $405.82 million TVL, clocking in nearly flat at -0.12% for the week. Origin Ether hangs on with 38,039 $ETH ($170.63 million TVL), slipping a slight -0.29%. Crypto.com Liquid Staking, on the other hand, flexed with a +5.68% lift to 36,376 $ETH ($162.9 million TVL). Closing out the top 12, Swell Liquid Staking manages 25,327 $ETH ($113.6 million TVL), though it contracted -3.52% since Sept. 13.
Ethereum’s liquid staking arena may be flexing billions, but it’s no chill weekend picnic—it’s a gladiator pit in slow motion. Lido towers, Binance moves, and the mid-tier crew keeps things spicy. With inflows flipping to outflows, the only sure bet is that next week’s stats won’t look the same.