Users stake ETH through Binance and receive wBETH, a liquid ERC-20 token. The token does not rebase: its exchange rate against ETH rises as staking rewards accrue, so each wBETH is redeemable for more than 1 ETH over time.

Wrapped Beacon ETH (wBETH), also called Binance Staked ETH, is a liquid staking token issued by Binance on Ethereum and BNB Chain.

Binance issues and manages wBETH, the liquid staking token for its ETH staking service. Binance takes a service fee from the staking rewards earned by the staked ETH.

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Liquid staking

Wrapped Beacon ETH

# Token turnover (circulating) Methodology

## Overview

Token turnover (circulating) measures how frequently a project's token changes hands relative to its circulating market cap. It is calculated as the average daily token trading volume divided by the circulating market cap, indicating liquidity and trading activity relative to the token's circulating valuation.

${token_trading_volume} / ${market_cap_circulating}

Average daily token trading volume divided by circulating market cap.

Wrapped Beacon ETHwBETH

Token turnover (circulating)

Token turnover (circulating)

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