Ask about Coinbase Wrapped Staked ETH · freeTotal Value Locked$463.26m
TVL by Chain
Ethereum$463.26m
Key Metrics
Fees 30d$2.36m
Fees 30d by chain
Ethereum$2.36m
Fees 7d$522,343
Ethereum$522,343
Fees 24h$74,962
Ethereum$74,962
Cumulative Fees$64.11m
Ethereum$64.11m
Revenue 30d$236,124
Revenue 30d by chain
Ethereum$236,124
Revenue 7d$52,234
Ethereum$52,234
Revenue 24h$7,496
Ethereum$7,496
Cumulative Revenue$6.41m
Ethereum$6.41m
Protocol Information
Coinbase is allowing customers who stake ETH to receive an ERC20 utility token called Coinbase Wrapped Staked ETH (“cbETH”), which is a liquid representation of their staked-ETH.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total validators and MEV rewards from staked ETH.View code on GitHubRevenue: Coinbase takes a 10% staking service fee for ETH.View code on GitHubYields
Pools Tracked1
Average Supply APY2.34%
Competitors
Coinbase Wrapped Staked ETH history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 4, 2023 to Oct 28, 2026.
All-time high TVL: $806.83m on Mar 12, 2024. All-time low TVL: $203.44m on Apr 9, 2025.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $509.27m |
| Sep 30, 2026 | $507.07m |
| Oct 1, 2026 | $509.6m |
| Oct 2, 2026 | $516.97m |
| Oct 3, 2026 | $503.72m |
| Oct 4, 2026 | $507.16m |
| Oct 5, 2026 | $512.78m |
| Oct 6, 2026 | $511.93m |
| Oct 7, 2026 | $508.74m |
| Oct 8, 2026 | $486.59m |
| Oct 9, 2026 | $469.96m |
| Oct 10, 2026 | $477.05m |
| Oct 11, 2026 | $480.07m |
| Oct 12, 2026 | $486.8m |
| Oct 13, 2026 | $469.77m |
| Oct 14, 2026 | $486.56m |
| Oct 15, 2026 | $469.23m |
| Oct 16, 2026 | $474.17m |
| Oct 17, 2026 | $472.62m |
| Oct 18, 2026 | $470.16m |
| Oct 19, 2026 | $472.24m |
| Oct 20, 2026 | $471.79m |
| Oct 21, 2026 | $482.04m |
| Oct 22, 2026 | $487.03m |
| Oct 23, 2026 | $469.41m |
| Oct 24, 2026 | $466.67m |
| Oct 25, 2026 | $463.66m |
| Oct 26, 2026 | $459.14m |
| Oct 27, 2026 | $458.07m |
| Oct 28, 2026 | $463.72m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $648.3m |
| Dec 31, 2024 | $573.99m |
| Jan 31, 2025 | $506.62m |
| Feb 28, 2025 | $345.36m |
| Mar 31, 2025 | $255.09m |
| Apr 30, 2025 | $238.88m |
| May 31, 2025 | $351.59m |
| Jun 30, 2025 | $348.82m |
| Jul 31, 2025 | $549.73m |
| Aug 31, 2025 | $617.75m |
| Sep 30, 2025 | $560.35m |
| Oct 31, 2025 | $527.84m |
| Nov 30, 2025 | $390.2m |
| Dec 31, 2025 | $379.31m |
| Jan 31, 2026 | $381.68m |
| Feb 28, 2026 | $269.55m |
| Mar 31, 2026 | $277.37m |
| Apr 30, 2026 | $300.85m |
| May 31, 2026 | $292.92m |
| Jun 30, 2026 | $261.49m |
| Jul 31, 2026 | $352.79m |
| Aug 31, 2026 | $464.09m |
| Sep 30, 2026 | $507.07m |
| Oct 28, 2026 (latest) | $463.72m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $477.69m |
| Dec 31, 2024 | $573.99m |
| Dec 31, 2025 | $379.31m |
Fees and revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2024 | $1.72m | $171,697 |
| Jan 2025 | $3.25m | $325,056 |
| Feb 2025 | $2.57m | $256,865 |
| Mar 2025 | $2.28m | $227,924 |
| Apr 2025 | $1.94m | $194,255 |
| May 2025 | $2.76m | $275,584 |
| Jun 2025 | $2.8m | $279,651 |
| Jul 2025 | $3.57m | $357,118 |
| Aug 2025 | $4.59m | $458,544 |
| Sep 2025 | $4.49m | $448,995 |
| Oct 2025 | $4.94m | $494,007 |
| Nov 2025 | $3.37m | $336,607 |
| Dec 2025 | $3.12m | $311,503 |
| Jan 2026 | $3.27m | $327,200 |
| Feb 2026 | $2.13m | $212,515 |
| Mar 2026 | $2.24m | $223,997 |
| Apr 2026 | $2.42m | $241,674 |
| May 2026 | $2.4m | $240,119 |
| Jun 2026 | $1.73m | $173,060 |
| Jul 2026 | $1.86m | $185,706 |
| Aug 2026 | $2.12m | $212,016 |
| Sep 2026 | $2.47m | $247,049 |
| Oct 2026 (to date) | $2.17m | $217,341 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/coinbase-wrapped-staked-eth
Frequently asked questions
What is Coinbase Wrapped Staked ETH's TVL?
As of Oct 28, 2026, Coinbase Wrapped Staked ETH has $463.26m in total value locked. TVL has decreased 8.6% over the past 30 days.
What chains does Coinbase Wrapped Staked ETH operate on?
Coinbase Wrapped Staked ETH operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Coinbase Wrapped Staked ETH generated in fees and revenue?
Over the past 30 days, Coinbase Wrapped Staked ETH generated $2.36m in fees. Of that, $236,124 was protocol revenue. Based on the trailing year, the annualized rate is $29.75m in fees and $2.97m in revenue.
How does Coinbase Wrapped Staked ETH's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, Coinbase Wrapped Staked ETH ranks #15 by TVL. The category holds $54.302b across 266 protocols, and Coinbase Wrapped Staked ETH accounts for 0.9% of that total. Similar protocols include Lido, Binance staked ETH, ether.fi Stake, Rocket Pool, StakeWise V3, Liquid Collective, mETH Protocol, Stader, Frax Ether, and stake.link liquid.
How many yield pools does Coinbase Wrapped Staked ETH have?
DefiLlama tracks 1 Coinbase Wrapped Staked ETH yield pool with an average APY of 2.3%.