Coinbase Wrapped Staked ETH offers users a way to participate in Ethereum's staking process while maintaining liquidity. By wrapping staked ETH, it provides a tradable asset that can be easily exchanged or utilized across various decentralized finance platforms. This innovation enhances the flexibility and accessibility of staking, making it more appealing to a broader range of investors.
more informationDai is a decentralized stablecoin that aims to maintain a stable value relative to the US dollar through a system of smart contracts on the Ethereum blockchain. Unlike other stablecoins that are backed directly by fiat reserves, Dai is collateralized by a diversified pool of cryptocurrency assets, allowing for transparency and decentralization. This innovative approach provides users with a reliable medium of exchange and store of value without relying on traditional banking systems.
more informationGeneral Information |
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Title
Coinbase Wrapped Staked ETH
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Title
Dai
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Symbol
cbeth
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Symbol
dai
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Whitepaper
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Whitepaper
-
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Website
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Website
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Community
-
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Community
-
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Last Updated
2025-01-21 23:51
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Last Updated
2025-01-21 23:53
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Price Data |
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Current Price $
3609.78
$
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Current Price $
1
$
|
High 24h
3651.74
$
|
High 24h
1.001
$
|
Low 24h
3499.5
$
|
Low 24h
0.999468
$
|
Price Change 24h
50.79
$
|
Price Change 24h
-3.7481537684902E-5
$
|
Price Change % 24h
1.42697
%
|
Price Change % 24h
-0.00375
%
|
Market Data |
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Market Cap
547406603
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Market Cap
3533550361
|
Total Volume
17788352
|
Total Volume
273848278
|
Market Cap Change 24h
7436089
|
Market Cap Change 24h
37210840
|
Market Cap Change % 24h
1.37713
%
|
Market Cap Change % 24h
1.06428
%
|
Return on Investment (ROI)
-
|
Return on Investment (ROI)
-
|
Supply and Availability |
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Circulating Supply
151530.43476547
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Circulating Supply
3533534144.2351
|
Total Supply
373734.09822321
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Total Supply
3528085143.321
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Max Supply
-
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Max Supply
-
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Historical Data |
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All Time High (ATH)
4434.57
|
All Time High (ATH)
1.22
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ATH Change %
-18.45069
%
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ATH Change %
-17.95716
%
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ATH Date
2024-12-16 18:55
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ATH Date
2020-03-13 03:02
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All Time Low (ATL)
1036.96
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All Time Low (ATL)
0.88196
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ATL Change %
248.74774
%
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ATL Change %
13.38897
%
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ATL Date
2022-11-09 23:45
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ATL Date
2023-03-11 07:50
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Coinbase Wrapped Staked ETH (cbETH) is a token that represents staked Ethereum on the Coinbase platform. As a wrapped asset, cbETH allows users to engage with the Ethereum network while also earning rewards from staking. The integration of cbETH into the Coinbase ecosystem serves dual purposes: it enables liquidity for staked funds and expands user participation in DeFi through Ethereum's extensive network.
cbETH operates as a derivative of Ethereum, meaning it retains the value and benefits of the underlying staked ETH. Wrapped tokens like cbETH are particularly advantageous as they provide liquidity to otherwise locked-up funds without manually unstaking them. This liquidity is crucial for users who wish to remain active in the decentralized financial system.
A significant advantage of cbETH lies in its flexibility. Users can stake their Ethereum to earn rewards while still having the ability to trade or utilize cbETH in various DeFi applications. This setup offers an attractive blend of earning opportunities and liquidity management. Moreover, integrating with one of the most trusted platforms, Coinbase, enhances user confidence in the security and reliability of the staking process.
Despite its advantages, cbETH is not without challenges. The volatility inherent in the crypto market affects cbETH's value. As a derivative, it is also subject to smart contract risks and potential liquidity issues during market downturns. Additionally, the reliance on Coinbase as the central platform for this wrapped token introduces a degree of centralization, which may conflict with the decentralized ethos of blockchain technology.
Since its release, cbETH has seen varying levels of market interest and price performance. The highest recorded price for cbETH was $4335.7 on March 12, 2024, indicating significant demand during bullish market phases. Conversely, its lowest point was $1036.96 on November 9, 2022, during more uncertain market conditions. These fluctuations reflect broader trends in the cryptocurrency space where prices are heavily influenced by market sentiment and macroeconomic factors.
The future outlook for cbETH hinges on Ethereum's continued transition to proof-of-stake and its role in DeFi. As Ethereum strengthens its position in the blockchain ecosystem, cbETH's utility as a staking derivative could be increasingly compelling. Nonetheless, prospective investors must consider the regulatory landscape, market volatility, and advancements in competing staking solutions.
Coinbase Wrapped Staked ETH offers a synthesis of staking rewards and asset liquidity that appeals to many in the crypto community. Its success largely depends on Ethereum's developments and market acceptance of staking coins. As the blockchain sphere evolves, cbETH remains a noteworthy option for those looking to leverage Ethereum's network benefits while mitigating the liquidity constraints of traditional staking.
In the volatile world of cryptocurrencies, stablecoins have carved out a niche as a reliable store of value, and Dai stands out as a significant player in this space. Unlike other cryptocurrencies that can experience wild price swings, Dai maintains a steady value, providing a level of predictability and security that's hard to come by in the crypto ecosystem.
Dai (symbol: DAI) is a decentralized stablecoin powered by the Ethereum blockchain, designed to maintain a value equivalent to one US dollar. It is a product of the MakerDAO project, utilizing smart contracts to ensure its stability. Unlike fiat-backed stablecoins, Dai does not rely on banks; instead, it uses a system of collateralized debt positions (CDPs) to balance its value. This means that users can lock up their Ethereum holdings as collateral to generate Dai, making it a truly decentralized solution.
Dai's decentralized nature is one of its greatest strengths. It offers transparency and bypasses the need for a centralized authority, which appeals to the crypto purists. Additionally, its integration into various decentralized finance (DeFi) applications makes it a versatile tool for earning, lending, and more.
However, this complexity can also be viewed as a disadvantage. For newcomers, the intricacies of interacting with CDPs and understanding the mechanics behind Dai can be daunting. Moreover, the requirement for over-collateralization—meaning you need more collateral in Ethereum than the Dai you can generate—can limit accessibility for some users.
Since its launch, Dai has remained relatively stable, rarely deviating far from its $1 peg. On March 13, 2020, Dai reached an all-time high of $1.22, a significant deviation primarily driven by the crypto market turmoil during the COVID-19 pandemic's onset. Conversely, the stablecoin hit an all-time low of $0.88196 on March 11, 2023, highlighting occasional challenges in maintaining its peg during extreme market conditions.
Despite these fluctuations, Dai has consistently rebounded to its target price, underlining its resilience and the robustness of its underlying protocol.
Looking ahead, the prospects for Dai look promising, with several factors contributing to its potential growth. The burgeoning DeFi sector, which heavily utilizes Dai, is expected to expand, driving demand. Furthermore, as more cross-chain technologies develop, Dai's integration across different blockchain ecosystems may enhance its utility and adoption.
However, Dai's future isn't without challenges. The ongoing regulatory scrutiny of stablecoins presents a potential hurdle. The growing competition from other stablecoins, particularly those backed by significant financial players, could also impact its market share.
Despite its challenges, Dai's role in the cryptocurrency sphere as a decentralized stablecoin is undeniable. It offers a compelling alternative to centralized counterparts, providing stability and security while embracing the decentralized ethos of the crypto world. As the ecosystem continues to evolve, Dai's adaptability and innovation will likely keep it at the forefront of the stablecoin revolution.