Mantle
Staking · Liquid Staking · mETH
Mantle Staked Ether (mETH) is a non-rebasing liquid staking token that is the staking backbone of the Mantle ecosystem, accruing ETH staking rewards.
L2-ecosystem ETH liquid staking.
Total staked
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Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Mantle and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Lido | Dominant ETH liquid staking protocol (stETH), by far the largest LST by TVL. | Both mint a reward-bearing ETH LST usable across DeFi. | Lido is multiple times larger and node-operator-set driven; mETH is Mantle-treasury-seeded, L2-ecosystem-aligned, and pairs with an in-house cmETH restaking layer. |
| 2 | ether.fi | Leading liquid restaking protocol (eETH/weETH) built natively around EigenLayer restaking. | Both combine liquid staking with a liquid restaking token spanning EigenLayer and other networks. | ether.fi is restaking-first and independent; mETH is staking-first with cmETH layered on, and is governed/backed by Mantle. |
| 3 | Rocket Pool | Decentralized, permissionless node-operator ETH staking (rETH). | Both offer a reward-bearing ETH LST on Ethereum L1. | Rocket Pool emphasizes a decentralized independent node-operator network; mETH is Mantle-governed and does not offer native restaking within its base token. |
| 4 | Binance wBETH | Exchange-backed wrapped beacon ETH LST with very large TVL. | Both are institutionally/treasury-backed reward-bearing ETH LSTs. | wBETH is centralized-exchange-operated; mETH is a permissionless, non-custodial on-chain protocol with its own restaking token and DAO governance. |
| 5 | Frax Finance | Hybrid stablecoin pivoting to RWA backing. | Both in Staking (Liquid Staking). | First-mover hybrid algo-collateral stablecoin, now pivoted to RWA-backed frxUSD with BUIDL — an institutional bridge to DeFi. |
| 6 | Ankr | Multi-chain liquid staking and node infrastructure. | Both in Staking (Liquid Staking). | Liquid staking across many chains backed by Ankr's global node infrastructure business. |
| 7 | Coinbase | Exchange-native ETH liquid staking. | Both in Staking (Liquid Staking). | Backed by a regulated US exchange; cbETH provides liquid access to Coinbase-operated staking. |
| 8 | Stader Labs | Multi-chain liquid staking infrastructure. | Both in Staking (Liquid Staking). | Multi-chain staking platform with a dual operator-pool design that lowers the bond to run a node. |
| 9 | StakeWise | Permissionless, overcollateralized ETH staking. | Both in Staking (Liquid Staking). | Vault-based architecture where anyone can launch a staking vault; osETH is overcollateralized and protocol-insured. |
| 10 | Swell | Non-custodial liquid staking and restaking. | Both in Staking (Liquid Staking). | LST plus a native restaking roadmap (rswETH / Swellchain) under one non-custodial protocol. |