- Liquid staking tokens Lido DAO, Rocket Pool, Stride and pStake Finance among others, have rallied in past 24 hours.
- The $3.96 billion market capitalization category has added 6%, while Bitcoin ranges below $67,000.
- Total value of assets locked in Liquid Staking exceeds $53 billion per DeFiLlama.
Liquid staking tokens (LSTs) represent staked tokens that can be used as collateral in lending protocols. The LST category has noted a resurgence in assets like Lido DAO (LDO), Rocket Pool (RPL), Stride (STRD), and pStake Finance (PSTAKE) have extended their gains in the past 24 hours.
Liquid staking tokens rally on Saturday
Data from crypto data tracker CoinGecko shows that LDO, RPL, STRD and PSTAKE have added to their value in the past 24 hours. LDO, RPL, STRD and PSTAKE prices are up 3.5%, 24.6%, 2.1% and 12.1% respectively.
Users lock their tokens on these platforms, contributing to their security and consensus mechanism and earn rewards. Tokens of the staking platforms can also be used as collateral in lending across the DeFi ecosystem.
In the ongoing cycle, meme coins and Real World Asset (RWA) tokenization are the leading narratives. However, news of the upcoming launch of ETH ETF. Bloomberg ETF analyst Eric Balchunas recently stated that July 2 is the likely date for ETF launch.
The news has fueled gains in Ethereum-related assets. Liquid staking tokens that allow users to stake Ether and earn rewards are gaining relevance on Saturday, June 15.
The market capitalization of liquid staking tokens is up 6%, touching $3.96 billion, as seen on CoinGecko. The volume of tokens locked on these platforms has surged to a peak of $53 billion, as seen on DeFiLlama.
It remains to be seen whether these tokens will continue rallying as anticipation for ETH ETF launch rises.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement
Supra’s 25% surge on Friday calls attention to lesser-known cryptocurrencies as Bitcoin, Ethereum and XRP struggle. Cosmos Hub remains range-bound while bulls focus on a potential inverse head-and-shoulders pattern breakout.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin price remains under selling pressure around $82,000 on Friday after failing to close above key resistance earlier this week. Donald Trump’s tariff announcement on Wednesday swept $200 billion from total crypto market capitalization and triggered a wave of liquidations.
Can Maker break $1,450 hurdle as whales launch buying spree?
Maker is back above $1,300 on Friday after extending its lower leg to $1,231 the previous day. MKR’s rebound has erased the drawdown that followed United States President Donald Trump’s ‘Liberaton Day’ tariffs on Wednesday, which targeted 100 countries.
Gold shines in Q1 while Bitcoin stumbles
Gold gains nearly 20%, reaching a peak of $3,167, while Bitcoin nosedives nearly 12%, reaching a low of $76,606, in Q1 2025. In Q1, the World Gold ETF's net inflows totalled 155 tonnes, while the Bitcoin spot ETF showed a net inflow of near $1 billion.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.