What is the current price of Stader?
The current price of Stader is $0.1158 with a 1.13% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Stader is a liquid staking protocol. Users deposit a proof-of-stake asset, the protocol stakes it through a network of node operators, and the depositor receives a liquid receipt token that keeps accruing staking rewards while remaining usable in DeFi. Stader's flagship product is ETHx on Ethereum, and it also runs HBARx on Hedera.
SD is Stader's protocol token. Its most concrete function is not governance but collateral: permissionless node operators running ETHx validators must post SD alongside their ETH bond, and the SD Utility Pool lets ordinary holders lend SD to those operators for a fee.
Official sources:
Stader Labs launched in 2021 as a multi-chain liquid staking company, initially on Terra, and at its widest offered liquid staking on Terra, Polygon, BNB Chain, Fantom, NEAR, Hedera and Ethereum.
That expansion has since been reversed, and the reversal is the single most important thing to understand about Stader today. The Terra, Fantom and NEAR products were discontinued. MaticX on Polygon was wound down, with new deposits halted and the token moved into a claim-only phase; the redemption interface was scheduled to close after a fixed window, with contract-level claims remaining available for years afterward. BNBx on BNB Chain has also been sunset, framed by the DAO as concentrating resources where the protocol already had traction.
What remains active is ETHx on Ethereum, HBARx on Hedera, and the SD Utility Pool. The GitHub organization reflects the same picture: the ethx repository has recent 2026 activity while maticX, bnbX and nearx do not.
ETHx is where the mechanics matter, and it is built around lowering the capital a node operator needs.
Stakers deposit ETH and receive ETHx ETHx is reward-bearing: its redemption value against ETH rises as staking rewards accrue, rather than the holder's balance growing.
Deposits are routed to two operator pools Stader runs a permissioned pool of vetted professional operators and a permissionless pool anyone can join, splitting stake between them.
Permissionless operators post a reduced bond Instead of the full 32 ETH a solo validator needs, a permissionless ETHx operator bonds 4 ETH plus SD worth a further 0.4 ETH per validator, with depositors supplying the remainder. Stader's documentation attributes the 4 ETH figure to a joint data analysis with SSV on tail risk coverage.
SD acts as the second layer of collateral The SD requirement is denominated in ETH terms, with documented scope to post more than the minimum, so an operator has protocol-token skin in the game beyond the ETH bond.
The SD Utility Pool closes the loop Holders delegate SD into a pool, operators borrow from it to meet their collateral requirement and pay a utilization fee, and that fee flows back to delegators. An operator can therefore run validators with ETH-only exposure while SD holders earn yield from real operator demand rather than emissions.
SD is used for:
Supply facts are worth stating precisely, because published figures disagree. A direct read of the canonical SD contract on Ethereum on September 11, 2026 returns a totalSupply of exactly 150,000,000 SD with 18 decimals. The contract exposes no mint function and is not an upgradeable proxy, so that figure cannot be increased. It does expose a burn function, but the conventional burn address holds under 20 SD, so essentially nothing has been destroyed. Lower figures published elsewhere reflect an exclusion of undistributed protocol-held allocations, not an on-chain reduction. A bridged SD representation also exists on BNB Chain, but canonical issuance sits on Ethereum.
Stader's underlying security is Ethereum's proof-of-stake consensus and Hedera's consensus respectively; the protocol does not run its own chain.
At the protocol level, Stader's site cites audits from Sigma Prime, Halborn, PeckShield and OtterSec, and the ETHx contracts were also put through a public Code4rena contest. The token contract itself is a straightforward fixed-supply ERC-20 with no proxy and no mint path, which removes a category of administrative risk that many protocol tokens carry.
Operator-level security is where the real exposure sits. Validators can be slashed or penalized for downtime, and the operator's ETH and SD bonds are the first loss buffer protecting stakers.
Product scope has contracted sharply Four liquid staking products have been discontinued or sunset. Concentration on ETHx and HBARx reduces diversification and means the protocol's future rests largely on Ethereum staking demand.
Legacy holders must act Anyone still holding a wound-down receipt token needs to follow the published redemption path, which eventually moves from a web interface to direct contract interaction. This is a real operational burden, not a formality.
SD demand is derivative SD's collateral utility scales with the number of permissionless ETHx validators. If that operator count stagnates, Utility Pool yield compresses regardless of anything else.
Smart contract, slashing and depeg risk Liquid staking stacks staking risk, contract risk and secondary market risk. ETHx and HBARx trade against their underlying assets on open markets, and under stress the traded rate can diverge from redemption value. Audits reduce but do not remove any of this.
Competitive pressure Ethereum liquid staking is highly concentrated among a few protocols, and distribution advantages compound.
Regulatory treatment of staking services Staking-as-a-service is under active regulatory scrutiny in several jurisdictions, and availability can change.
Stader matters most for the operator side of Ethereum staking. A permissionless pool with a 4 ETH bond plus borrowable protocol-token collateral lowers the practical barrier to running a validator, a direct contribution to validator set decentralization. The SD Utility Pool is also one of the few designs where a protocol token has a mechanically enforced, non-emission source of demand.
SD is listed on centralized exchanges and trades on Ethereum decentralized exchanges. Availability and pairs vary by venue and jurisdiction. When buying on-chain, verify the Ethereum contract address 0x30D20208d987713f46DFD34EF128Bb16C404D10f rather than searching by ticker, since bridged representations on other chains are distinct contracts.
SD has commonly been listed on:
Pairs are typically quoted against USDT where supported.
After purchase, SD can be held:
Keep ETH available for gas in any self-custody wallet used to interact with the protocol.
Track Stader live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Stader on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Stader with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Stader with real money.
Read the complete paper trading guideThe current price of Stader is $0.1158 with a 1.13% change in the last 24 hours.
The daily trading volume is $105,410 representing a 48.21% change in the past 24 hours.
The market capitalization of Stader is $8,064,749, ranking #700 globally.
The fully diluted valuation (FDV) of Stader is $17,375,675, calculated assuming the maximum supply of 150,000,000 SD is in circulation.
Circulating: 69,621,027. Total: 120,000,000. Max: 150,000,000.
In the last 24 hours, Stader traded between a low of $0.1128 and a high of $0.1192.
SD/USDTTether USDT0.1158 USDT
