Lido Staked Ether (stETH) is ending November 2025 quietly but firmly above the psychologically important $3,000 level, while Lido DAO governance votes and looming staked‑ETH ETFs set the tone for its medium‑term outlook.
Between 28 and 30 November 2025, stETH traded in a tight band just above $3,000, closely tracking Ethereum and showing no signs of the serious depegs that worried markets in earlier cycles. [1]
At the same time, Lido DAO is voting on fee changes and treasury management, DeFi projects are ramping up stETH integrations, and multiple analytics sites have refreshed price forecasts for 2025–2030. [2]
Below is a detailed, news‑style breakdown of stETH’s USD price, the most important news from 28–30 November 2025, and how major models see its future trajectory.
Lido Staked ETH price today (30 November 2025)
- Spot price: As of Sunday, 30 November 2025, Lido Staked Ether is trading around $3,020–$3,030 on major venues. CoinGecko’s USD index shows stETH at about $3,024.67, up roughly 0.9% over the last 24 hours. [3]
- 7‑day performance: Over the past week, stETH has climbed from around $2,799 (24 November) to just above $3,024 (30 November), an increase of roughly 8%. [4]
- Month and year: Data from Messari puts stETH’s 1‑month gain near 22%, but the token is still down about 16% over the past year and trades more than 40% below its $5,114 all‑time high set in July 2022. [5]
On the fundamentals side, Messari estimates a market cap of about $26 billion and a circulating supply near 8.6 million stETH, making Lido’s liquid staking token the largest asset in DeFi by market capitalization. [6]
Because stETH is designed to track ETH plus staking rewards, the USD price mostly mirrors ETH/USD, with small premiums or discounts depending on liquidity and withdrawal queues.
Price action: 28–30 November 2025
Price feeds from CoinGecko and other trackers show how calm the last three days of November have been for Lido Staked ETH: [7]
- Friday, 28 Nov 2025:
- Average price around $3,013
- Daily move: roughly ‑0.4%
- Saturday, 29 Nov 2025:
- Price edges up to about $3,031
- Daily move: roughly +0.6%
- Sunday, 30 Nov 2025 (today):
- Spot consolidates near $3,025
- Daily move vs Saturday: about ‑0.2%
Different venues show slightly different prints—Bybit, for example, reported a 24‑hour range on 28 November between roughly $2,992 and $3,082—but the story is consistent: tight consolidation above $3,000. [8]
Importantly, the stETH/ETH peg remains very close to 1:1 on major markets, which is confirmed by Chainlink’s dedicated stETH/ETH price feed used by many DeFi protocols. [9]
On‑chain and staking context
The calm price action sits against an Ethereum staking landscape that is still very active:
- A recent Ethereum staking weekly report shows:
- 7‑day average stETH APR around 2.96%
- Total ETH staked near 35.7 million, with a staking participation rate close to 29.6% of total ETH supply
- Entry queue times under ~19 days and exit queue times under ~32 days as of 20 November 2025 [10]
- According to Lido and Messari:
- stETH supply is ~8.5–8.6 million tokens
- Lido controls roughly 23% of the liquid staking market, down from nearly 70% earlier this year, showing how competitive the liquid staking sector has become. [11]
Liquid staking itself continues to be highlighted by major exchanges as a core DeFi primitive: OKX, for example, describes tokens like stETH as letting users stay liquid while earning staking rewards and using their positions across lending, liquidity pools and even restaking strategies. [12]
News round‑up: what happened between 28–30 November 2025?
Here are the key stETH‑related developments in the 28–30 November window that could matter for price and sentiment.
1. Lido DAO fee & treasury votes (28 November 2025)
CoinMarketCap’s Lido DAO update stream flags “Fee & Treasury Votes (28 November 2025)” as one of the big governance items this week. The package of proposals focuses on: [13]
- Interim fee adjustments designed to optimize protocol revenue
- Stablecoin conversion and yield strategies for part of the treasury, with the aim of generating more predictable returns on idle assets
For stETH holders, these votes matter because Lido’s fee structure directly affects net staking yield, while treasury strategy impacts the protocol’s resilience in market drawdowns. None of these changes alter the basic mechanics of stETH, but they do tweak the economic envelope around it.
2. New Node Operator fee tiers: vote open through 1 December
Messari’s “Lido Staked Ether Project Update,” refreshed on 30 November 2025, highlights another crucial governance proposal: a revamp of the fee structure for Node Operators in Lido’s Curated Module (CMv1). [14]
Key points from the proposal:
- Introduces three tiers of Node Operators – Standard, Extra Effort, and Client‑Team – each with different baseline reward shares.
- Keeps the overall protocol fee at 10%, but sets the Curated Module fee specifically to 3.5%, with additional rebates for higher‑tier operators paid manually.
- Serves as an interim design ahead of Curated Module v2 in 2026, aiming to better align operator incentives and potentially increase the DAO’s share of staking rewards.
If approved, the immediate impact on stETH USD price is likely modest, but the signal is clear: Lido is actively fine‑tuning economic incentives, which long‑term investors watch closely.
3. DeFi protocols ramp stETH exposure (29 November 2025)
On the DeFi side, ETH Strategy, a structured ETH product, is launching its STRAT token unlock and a new lending product around 29 November 2025. The project says it has partnered with Lido to invest part of its ETH treasury into stETH in order to compound returns. [15]
- After the unlock, STRAT holders will be able to borrow ETH against vault positions, while part of the underlying ETH is allocated to stETH for yield.
- This adds incremental, sticky demand for stETH as a yield‑bearing collateral in yet another DeFi protocol.
While the amounts involved are small compared to stETH’s $26B market cap, the integration is part of a broader pattern: more protocols treating stETH as default “yielding ETH” collateral.
4. Global coverage and institutional narrative
Although not all of this news falls exactly inside the 28–30 November window, it is being actively cited in weekend research updates and continues to shape stETH’s medium‑term narrative: [16]
- ETF momentum:
- VanEck has filed with the U.S. SEC for a Lido Staked Ethereum ETF that would track spot stETH and its staking yield.
- BlackRock has registered an iShares Staked Ethereum Trust in Delaware, another sign that staked ETH products are on the radar of traditional finance.
- Large stakers:
- In early November, Justin Sun staked 45,000 ETH (≈$154.5M) via Lido, receiving stETH in return and making Ethereum his largest publicly visible holding.
- Market share update:
- Lido now commands around 8.5M ETH staked via stETH, about 23% of liquid staking market share, down from nearly 70% as new competitors emerged.
Together, these developments help explain why analyst forecasts for stETH into 2030 have remained broadly constructive, even as regulators tighten their scrutiny of staking.
Short‑term Lido Staked ETH price forecast (December 2025)
Different analytics platforms publish near‑term models for stETH, often based on historical volatility, correlations and simple growth assumptions. Here’s what they are signaling going into December:
Quant and algorithmic forecasts
- CoinCodex
- Sees stETH basically flat in the immediate term, projecting a price of about $2,989–2,998 over the next day or so.
- Its short‑term chart suggests a climb of roughly 14–15% over the next month, targeting around $3,443 by 30 December 2025 if the upper scenario plays out. [17]
- Bitget price prediction desk
- Lists a “today” fair value near $2,760 for stETH and assumes an annualized growth rate of 5%, which implies about $3,222 in 2026 and $3,916 in 2030. [18]
- Its day‑by‑day table for late November shows tiny expected moves around the $2,760–2,770 band for 28–30 November—more conservative than actual market prices near $3,000. [19]
- AltPricer
- Projects $2,998.21 for 29 November and $3,006.30 for 30 November, with a slow grind to $3,015+ on 1 December. [20]
- CryptoPredictions.com
- Earlier in the month, it forecast that November 2025 would end with stETH around $2,851, after starting near $3,846, with an expected daily range between roughly $2,333 and $3,431. Actual closing prices north of $3,000 show markets finishing stronger than that model anticipated. [21]
Overall, most short‑term models cluster in a narrow band around current prices, with modest bullish bias into December but no consensus on a sharp breakout.
Bottom line for December:
If ETH remains range‑bound and the stETH/ETH peg holds, a reasonable base case from these models is continued trading in roughly the $2,900–3,500 zone into year‑end, with volatility driven more by ETH macro news than by Lido‑specific factors.
2025–2030 and beyond: how high could Lido Staked ETH go?
Long‑term forecasts are, by nature, speculative. Still, they are widely read, so here’s how several major sites see stETH’s medium‑ to long‑term fair value:
Summary of major model ranges
| Source / Model | 2025 view | 2026 view | 2030 view | Longer‑term notes |
|---|---|---|---|---|
| Gate (prediction page) | Average around $3,017, with a range of roughly $2,383–3,318 | – | Around $8,312 in 2030, which they frame as ≈+109% from today’s price | Assumes steady adoption and ETH appreciation. [22] |
| CoinCodex | For 2025, range roughly $2,998–3,686 | Similar range for 2026 (up to ≈$3,686) | For 2030, between $4,621 and $8,638, with the high end implying ≈+186% from current levels | Very long‑term algorithm points to a theoretical max near $23,446 by 2050. [23] |
| AMBCrypto | 2025 range about $3,384–5,076 with an average near $4,230 | 2026 and 2027 push into the high $4k–$6k range | 2030 band of roughly $6,153–9,230, with a mean in the $7,700 area | Extends forecasts into the 2030s with gradually rising bands. [24] |
| Bitget | Implied current “fair value” ≈$2,760 | $3,222 (assuming +5% yearly growth) | $3,916 | Projects $6,379 in 2040 and $10,391 in 2050 under the same 5% CAGR assumption. [25] |
| CryptoPredictions (monthly) | For November alone, expected close near $2,851 | – | – | Emphasizes monthly ranges rather than long‑term yearly bands. [26] |
Despite wildly different methodologies, a few themes pop out:
- No mainstream model expects stETH to disappear or collapse under current conditions; all assume continued relevance of Ethereum staking.
- Base‑case growth is moderate, often in the 5–15% annualized range, roughly tracking ETH in a maturing market.
- High‑end 2030 targets around $8k–9k per stETH imply a 2.5–3x move from current prices, but only if ETH itself enters a strong multi‑year bull cycle and liquid staking continues to expand. [27]
These are model outputs, not guarantees. All of them are highly sensitive to ETH’s own price, regulatory decisions on staking, and adoption of staked‑ETH ETFs.
What could move stETH price next? Key bullish and bearish drivers
Because stETH is basically “ETH plus staking rewards and Lido protocol risk”, its USD price is driven by a mix of macro, Ethereum‑specific and Lido‑specific factors.
Bullish factors
- Ethereum uptrend
- If ETH resumes a strong up‑only trend, stETH almost mechanically follows, with staking yield adding a few percentage points of outperformance over multiple years.
- ETF approvals and institutional flows
- BlackRock’s Staked Ethereum Trust and VanEck’s Lido Staked Ethereum ETF filing point to a potential wave of regulated staked‑ETH products. If any of these are approved and gain traction, they could channel large institutional flows into stETH and related instruments. [28]
- Lido V3 and stVaults, plus cross‑chain expansion
- Lido has been rolling out its V3 architecture and “stVaults” design, while partnering with Chainlink’s CCIP to make wrapped stETH (wstETH) more robust across L2s and sidechains. More integrations typically mean more demand for stETH as DeFi collateral. [29]
- Big whales endorsing stETH
- High‑profile moves like Justin Sun staking 45,000 ETH via Lido reinforce the narrative that sophisticated players consider liquid staking a long‑term bet on Ethereum. [30]
Bearish and risk factors
- ETH sell‑offs and macro shocks
- A sharp crypto‑wide downturn, or macro events that hurt risk assets, would almost certainly drag stETH down with ETH, regardless of staking yield.
- Regulatory crackdowns on staking
- If U.S. or EU regulators take a tougher line on liquid staking or staking‑as‑a‑service, the appeal of stETH for institutions could be hindered, especially if ETFs are delayed or conditioned on strict rules.
- Exit queue congestion and stETH discounts
- A widely cited analysis from InvestX shows how long ETH exit queues can create discounts on liquid staking tokens like stETH: when stETH trades at, say, 0.99 ETH while withdrawals take 45–90 days, arbitrage yields drop and the discount can deepen, potentially triggering a vicious cycle for leveraged DeFi positions. [31]
- Competition in liquid staking
- Lido’s liquid staking market share has already fallen from almost 70% to around 23% as competitors launched alternative tokens. Strong growth from rivals could cap Lido’s ability to raise fees and grow stETH supply. [32]
Practical takeaways for stETH holders and watchers
For readers tracking stETH specifically in this 28–30 November 2025 window, here’s what matters most:
- Price is stable above $3,000 with a clear, tight trading range over the past three days and an ≈8% gain on the week. [33]
- Yield remains modest but steady, around 3% APR, and total staked ETH continues to inch higher. [34]
- Lido governance is busy:
- Forecast models are cautiously optimistic, with most seeing stETH in the $3k–3.5k band into late December and potentially $4–8k by 2030 in upbeat scenarios—but all of that depends heavily on ETH’s own trajectory. [37]
Final disclaimer
This article is informational only and is not investment, tax, or legal advice. Cryptocurrency markets, including Lido Staked Ether (stETH), are highly volatile and carry significant risk. Always do your own research and, if needed, consult a licensed financial professional before making investment decisions.
References
1. www.coingecko.com, 2. messari.io, 3. www.coingecko.com, 4. www.coingecko.com, 5. messari.io, 6. messari.io, 7. www.coingecko.com, 8. www.bybit.com, 9. data.chain.link, 10. medium.com, 11. messari.io, 12. www.okx.com, 13. coinmarketcap.com, 14. messari.io, 15. phemex.com, 16. messari.io, 17. coincodex.com, 18. www.bitget.com, 19. www.bitget.com, 20. altpricer.com, 21. cryptopredictions.com, 22. www.gate.com, 23. coincodex.com, 24. ambcrypto.com, 25. www.bitget.com, 26. cryptopredictions.com, 27. www.gate.com, 28. messari.io, 29. messari.io, 30. messari.io, 31. investx.fr, 32. messari.io, 33. www.coingecko.com, 34. medium.com, 35. coinmarketcap.com, 36. messari.io, 37. coincodex.com


