Lido Staked Ethereum (stETH) is a token that represents the Ethereum wagered on Lido, combining the value of the initial deposit and participation rewards.

In particular, stETH token balances are linked 1:1 to Lido Staked Ethereum and token balances are updated daily to reflect winnings and rewards.

In this dashboard we are gonna track the following metrics of stETH:

• The volume of stETH
• The average stake size
• THe number of stakers over time
• The staking/unstaking per day

Results

The results show that the activity increased over time in both directions, staking and unstaking actions. As well, the number of users staking and unstaking also increased.

The average staked and unstaked volumes look similar. There is a big positive correlation between metrics. If we take a look at the corresponding chart, we can see how the trajectories are so similar.

On the other hand, the daily volume increased basically on November 2021 and remained active until now at above 0.5M USD daily. Several peaks were detected where the volume was higher than 2M USD.