Beacon ETH (BETH) is a unique token designed to bridge the gap between Ethereum 2.0 staking and user liquidity. As ETH transitioned to a proof-of-stake consensus mechanism, users who participated in staking faced a major limitation—locked assets during the staking period. To solve this, BETH was introduced as a liquid staking token that represents staked ETH on the Beacon Chain, allowing holders to maintain liquidity while earning staking rewards.
Currently, BETH is trading at $2,428.39, reflecting a slight increase of +0.16% from the previous day’s opening price (UTC+8). Despite its strong per-unit value, BETH holds no official market capitalization ranking due to its non-circulating supply model—0 BETH in circulation out of a maximum supply of 4,439 BETH. This structure is intentional, as BETH functions more like a redeemable receipt than a freely tradable asset.
Understanding BETH: The Role of Liquid Staking in Ethereum 2.0
When Ethereum upgraded to Ethereum 2.0, it shifted from energy-intensive proof-of-work mining to an eco-friendly proof-of-stake model. Validators now stake ETH to secure the network and earn rewards. However, staked ETH becomes temporarily illiquid until withdrawal functionality is fully enabled.
This is where liquid staking tokens like BETH come into play. By staking ETH through platforms such as OKX, users receive BETH tokens at a 1:1 ratio, which can be held, transferred, or used across DeFi applications while still accruing staking yields.
BETH serves as both a yield-bearing asset and a redemption instrument—guaranteeing a 1:1 swap back to ETH once unstaking becomes fully operational.
Unlike traditional staking, which locks funds for extended periods, BETH enhances capital efficiency by enabling users to participate in decentralized finance (DeFi), trade on exchanges, or use it as collateral—all while their underlying ETH continues to generate passive income.
👉 Discover how liquid staking can boost your crypto returns with flexible tools and real-time data.
Key Metrics & Historical Performance
- Current Price: $2,428.39
- 24h Change: +0.16%
- All-Time High: $4,497.46 (Last updated: November 10, 2021 UTC+8)
- All-Time Low: $527.72 (Last updated: December 24, 2020 UTC+8)
- Max Supply: 4,439 BETH
- Circulating Supply: 0 BETH
Despite the zero circulating supply, BETH's price closely tracks the performance of ETH, adjusted for accrued staking rewards. The significant all-time high reflects the broader bull run in late 2021, while the low captures early market uncertainty during the initial phases of Ethereum’s upgrade.
BETH vs. Other Liquid Staking Tokens (LSTs)
While BETH provides seamless integration within the OKX ecosystem, other LSTs such as stETH, rETH, and tETH offer alternative approaches to liquid staking with added yield optimization strategies.
For example:
- stETH (Lido): Tracks staked ETH with rebase mechanics; widely adopted but has experienced脱锚 risks during market volatility.
- rETH (Rocket Pool): Offers decentralized node operation with lower entry barriers.
- tETH (Treehouse Protocol): A next-generation LST that combines staking yield with market efficiency gains through arbitrage between lending and staking rates.
Notably, tETH has outperformed major LSTs by 40–50 basis points in annualized yield (APY) since launch, thanks to its multi-layered return strategy. It also boasts zero liquidation events in its history due to conservative risk parameters and active monitoring by a professional quant team.
Although BETH does not currently employ advanced yield-enhancing mechanisms like tETH, its primary value lies in security, simplicity, and guaranteed 1:1 redemption post-unstaking.
DeFi Ecosystem Context: TVL Leaders on Ethereum
The strength of any staking solution depends on the health of the broader DeFi ecosystem. As of now, total value locked (TVL) across Ethereum-based protocols stands at approximately $146.7 billion, showcasing sustained institutional and retail adoption.
Top protocols by TVL include:
- AAVE: $35.2 billion
- LDO (Lido DAO): $22.6 billion
- EIGEN: $11.1 billion
These figures highlight the dominance of liquid staking and lending platforms in shaping modern DeFi infrastructure. With rising demand for yield-generating assets, tokens like BETH play a crucial role in onboarding new users into the staking economy.
Frequently Asked Questions (FAQ)
What is Beacon ETH (BETH)?
BETH is a token issued by OKX that represents staked Ethereum on the Beacon Chain. It allows users to earn staking rewards while maintaining liquidity through tradable or transferable tokens.
Can I trade BETH on public markets?
While BETH is primarily redeemable for ETH at a 1:1 ratio upon unstaking, limited trading may occur off-platform. However, it is not widely listed on external exchanges due to its custodial nature.
How do I earn rewards with BETH?
Holders automatically earn staking rewards as they are accrued on the Beacon Chain. These returns are reflected in the increasing value of BETH relative to ETH over time.
Is BETH safer than other LSTs?
Yes, in terms of redemption certainty. Since BETH is backed directly by OKX’s staking pool and designed for 1:1 conversion post-withdrawal, it avoids smart contract risks associated with decentralized LSTs.
Does BETH have smart contract risk?
Minimal. Unlike decentralized LSTs deployed on open protocols, BETH operates under centralized issuance by OKX, reducing exposure to exploits or governance attacks.
How does BETH compare to tETH?
tETH offers higher yields via arbitrage strategies and additional reward layers (e.g., Treehouse “Nuts” points), whereas BETH focuses on security and simplicity without complex mechanisms.
Future Outlook for Liquid Staking
As Ethereum continues to evolve with upgrades like proto-danksharding and Verkle trees, scalability and security will improve—further boosting confidence in staking solutions. The demand for liquid staking derivatives is expected to grow as institutional investors seek stable, yield-bearing digital assets.
While BETH remains a conservative option ideal for risk-averse users, newer models like tETH demonstrate how innovation can enhance returns without compromising safety.
Core Keywords Integration
This article naturally incorporates key search terms including:
Beacon ETH price, BETH price, live BETH chart, Ethereum 2.0 staking, liquid staking token, BETH vs stETH, BETH redemption, and DeFi TVL leaders.
These keywords align with common user queries around pricing data, comparison metrics, investment safety, and ecosystem context—ensuring strong alignment with search intent while maintaining natural readability.