mETH Protocol

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

mETH Protocol's governance or utility token carries a market capitalisation of 3,1 Mio. $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (3,1 Mio. $) is small relative to deposits secured by the protocol (687,3 Mio. $); a mcap/TVL multiple of 0.00× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Dec 4, 2023
   Auf DeFiLlama gelistet

mETH Protocol is a Liquid Staking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed on Ethereum. No public audit reports are listed on DeFiLlama for this protocol.

mETH Protocol is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Its token market cap (3,1 Mio. $) is small relative to TVL (687,3 Mio. $) — a mcap/TVL ratio of 0.00 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for mETH Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

mETH Protocol is one of 7 Liquid Staking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Lido, Binance staked ETH, Rocket Pool, and 3 more. These peer protocols collectively secure 35 Mrd. $ in deposits, giving you a frame of reference for whether mETH Protocol's own TVL is at the top, middle, or tail of the category.

Lido

TVL 21,4 Mrd. $ · 24h -0.07%

Binance staked ETH

TVL 8,6 Mrd. $ · 24h +0.81%

Rocket Pool

TVL 1,3 Mrd. $ · 24h +0.27%

DoubleZero Staked SOL

TVL 1,3 Mrd. $ · 24h -0.46%

Sanctum Validator LSTs

TVL 1,2 Mrd. $ · 24h +0.03%

Jito Liquid Staking

TVL 1,2 Mrd. $ · 24h +0.03%