HostSTETH vs WSTETH — price, size and safety, side by side
STETH (Ethereum) vs WSTETH (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-11-13 / 2026-11-13.
STETH vs WSTETH — normalized performance, 2026-09-08 to 2026-11-13T12:15:58
| STETH | WSTETH | |
|---|---|---|
| Price | $2.02K | $2.45K |
| Market cap | $21.76B | $10.50B |
| 24h volume | $37.53M all venues | $41.27M all venues |
| Liquidity | $68.27M | $50.13M |
| FDV | $21.76B | $10.45B |
| Holders | — | 39,244 |
| Age (days) | 1,549 | 386 |
| Safety grade | B | B |
Where they differ
- STETH measures ~2.1× the market cap of WSTETH
What the data says
STETH
stETH is the receipt that made Ethereum staking liquid — deposit ETH with Lido, receive stETH, and the balance re-bases upward daily as staking rewards accrue. The contract at 0xae7ab96520de3a18e5e111b5eaab095312d7fe84 is the canonical deployment; our November 6, 2026 snapshot reads $68.3 million of tracked pool liquidity, against only about $1.5 million of recorded daily volume in this pair set. That thin on-chain turnover is the honest kind: stETH's real exit is the redemption path through Lido itself plus deep exchange books, not the DEX pools our sampler measures.
The risk shape is the one every liquid-staking token carries: stETH is a claim on staked ETH, not ETH — it has traded visibly under par before (June 2022, when withdrawal uncertainty met a leverage unwind), and its value rests on Lido's validator set, Ethereum's exit queue, and the redemption machinery that ultimately anchors it. A rebase token also confuses some wallets, DeFi pools and tax tools — the count in your balance literally changes daily, which is exactly the friction its wrapped sibling wstETH exists to remove.
WSTETH
wstETH is stETH made legible to DeFi — the same claim on Lido-staked Ether, wrapped so the balance stops moving: where stETH re-bases your token count upward each day, wstETH holds a fixed count and lets the exchange rate against stETH do the appreciating. That is the shape lending markets, bridges and LPs need, which is why the contract at 0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0 became the canonical collateral form — our November 6, 2026 snapshot reads $50.1 million of tracked pool liquidity on it.
The verdict therefore inherits stETH's, plus one wrapper-layer note. You hold a claim on staked ETH via Lido — subject to its validator set, Ethereum's exit queue, and stETH's own depeg memory (June 2022, when it traded visibly under par) — and the price shown for wstETH is stETH's price times a steadily growing conversion rate, so it will always quote above ETH while tracking correctly. Nothing about that is a defect; it is the mechanic to understand before reading the quote as a premium.
FAQ
Which is bigger, STETH or WSTETH?
By tracked market cap: STETH (Ethereum) measures $21.76B and WSTETH (Ethereum) measures $10.50B — dated snapshots, not a live feed.
Which is safer, STETH or WSTETH?
On the contract checks we publish: STETH (Ethereum) grades B and WSTETH (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have STETH and WSTETH performed over the shared window?
Between 2026-09-08 and 2026-11-13T12:15:58, the measured snapshots show STETH at −18.5% and WSTETH at −20.4%.
More comparisons
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The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-08→2026-11-13T12:15:58; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.