Liquid Staked Ether 2.0 (stETH): Price, Supply, and Market Overview

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Liquid staked Ether 2.0, commonly known as stETH, is a digital asset designed to bring liquidity to staked Ethereum on the PulseChain blockchain. Unlike traditional staking, which locks up assets, stETH allows holders to maintain flexibility while still participating in network validation rewards. This makes it an attractive option for users seeking yield without sacrificing access to their capital.

The token operates under the contract address 0xae7ab96520de3a18e5e111b5eaab095312d7fe84 and has been live for over four years, establishing itself as a stable presence within the PulseChain ecosystem.

Understanding stETH: A Token Built for Flexibility

At its core, stETH represents a 1:1 value peg to Ether (ETH) that has been staked in the Ethereum 2.0 consensus layer. However, instead of immobilizing funds, stETH issues a liquid derivative token that can be freely traded, transferred, or used across decentralized finance (DeFi) applications.

This innovation addresses one of the primary drawbacks of staking—illiquidity—by enabling users to earn staking rewards while simultaneously deploying their stETH in lending protocols, liquidity pools, or other yield-generating strategies.

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Supply Metrics and Market Performance

As of the latest data, Liquid staked Ether 2.0 (stETH) has a total supply of 148.96 million tokens, with a current market capitalization of $1.59 million USD. While the exact circulating supply remains unconfirmed by public sources, the token is distributed across multiple wallet addresses on the PulseChain network.

Despite limited transparency around holder counts and full circulation details, stETH maintains active trading volume and liquidity—indicating consistent user engagement and market confidence.

Real-Time Price Data (USD)

These figures reflect strong momentum over both short and medium timeframes, suggesting growing interest in stETH as both a speculative asset and a utility token within PulseChain’s DeFi landscape.

Where to Trade stETH

The primary platform for acquiring stETH is PulseSwap.io, a decentralized exchange (DEX) aggregator built specifically for the PulseChain ecosystem. As an "aggregator of aggregators," PulseSwap scans multiple DEXs in real-time to ensure users receive the most favorable swap rates—with zero swap fees applied.

To trade stETH, you must first hold PLS, the native cryptocurrency of PulseChain. PLS functions similarly to ETH on Ethereum, serving as the gas token for transactions and interactions across dApps.

New users can acquire PLS through various on-ramps using either fiat currency or established cryptocurrencies like Bitcoin or Ethereum. Once funded with PLS, traders can seamlessly exchange into stETH directly via PulseSwap’s intuitive interface.

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Why stETH Matters in Decentralized Finance

In the broader context of blockchain innovation, liquid staking tokens like stETH represent a critical evolution in how users interact with proof-of-stake networks. By decoupling staking from immobility, they unlock new layers of composability in DeFi.

For example:

This flexibility increases capital efficiency and encourages deeper participation in network security—benefiting both individual holders and the ecosystem at large.

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These terms are strategically placed to reflect common queries related to price tracking, technical specifications, and investment potential—ensuring relevance for both novice investors and experienced DeFi participants.

Frequently Asked Questions (FAQ)

What is the difference between stETH and ETH?

While ETH is the native currency of the Ethereum network, stETH is a derivative token representing staked ETH. It accrues value over time as staking rewards are added, allowing holders to benefit from inflationary yield without locking up their assets.

Is stETH available on major exchanges?

Currently, stETH is primarily traded on decentralized platforms within the PulseChain ecosystem, such as PulseSwap.io. It is not listed on major centralized exchanges like Binance or Coinbase, which limits accessibility for some users.

Can I unstake my ETH from stETH?

Direct unstaking depends on the underlying protocol’s withdrawal mechanics. On many networks, unstaking requires a waiting period or coordination with validator queues. However, since stETH is designed to be fully liquid, you can typically sell it instantly on DEXs without needing to unstake manually.

How does stETH maintain its value?

stETH aims to maintain a soft peg to ETH based on accrued staking rewards. Its price may fluctuate slightly due to market dynamics but generally tracks ETH’s performance plus accumulated yield over time.

Is Liquid staked Ether 2.0 secure?

Security relies heavily on the integrity of the PulseChain network and smart contract audits. While no exploits have been publicly reported, users should always conduct due diligence before investing in any liquid staking derivative.

Does holding stETH earn passive income?

Yes—by design, stETH appreciates in value relative to ETH as staking rewards accumulate in the backend. This means your balance effectively grows over time without requiring active management.

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Final Thoughts

Liquid staked Ether 2.0 (stETH) exemplifies how blockchain technology continues to evolve toward greater efficiency and user empowerment. By transforming locked-up assets into dynamic financial instruments, it bridges the gap between network security and personal liquidity.

Whether you're interested in tracking its live price, understanding its role in DeFi, or evaluating its growth potential based on market cap trends, stETH offers a compelling case study in modern crypto innovation.

As decentralized ecosystems mature, tokens like stETH on PulseChain will likely play an increasingly central role in shaping the future of digital ownership and financial autonomy.