Stader Labs
Staking · Liquid Staking · ETHx
Stader's ETHx is a non-rebasing Ethereum liquid staking token built on a multi-pool architecture (permissioned + permissionless operators), part of Stader's multi-chain staking stack.
Multi-chain liquid staking infrastructure.
Total staked
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Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Stader Labs and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Lido | Dominant Ethereum liquid staking protocol by TVL. | Both issue an Ethereum LST (stETH vs ETHx) usable across DeFi and rely on a validator set to stake pooled ETH. | Lido is far larger and uses a curated operator set, whereas Stader's ETHx emphasizes a permissionless pool with operator collateral (ETH + SD) and a multi-chain product suite beyond Ethereum. |
| 2 | Rocket Pool | Decentralization-focused Ethereum liquid staking with permissionless node operators. | Both allow permissionless node operators who bond collateral, aiming to decentralize the validator set beyond a curated list. | Rocket Pool operators bond ETH plus RPL, while Stader operators bond ETH plus SD; Rocket Pool is Ethereum-only whereas Stader is multi-chain. |
| 3 | Stader (multi-chain non-ETH peers) | Comparable smaller Ethereum liquid staking provider. | Both are non-custodial Ethereum liquid staking protocols competing for stakers seeking DeFi-composable LSTs. | StakeWise focuses on Ethereum with its vault model, while Stader spans multiple PoS chains in addition to ETHx. |
| 4 | 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. |
| 5 | 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. |
| 6 | Binance | Exchange-native wrapped beacon ETH. | Both in Staking (Liquid Staking). | Exchange-native distribution and liquidity; wBETH is usable on-chain and across the Binance ecosystem. |
| 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 | Mantle | L2-ecosystem ETH liquid staking. | Both in Staking (Liquid Staking). | Backed by the Mantle treasury and tightly integrated with the Mantle L2 ecosystem and its DeFi venues. |
| 9 | 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. |