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About Rocket Pool ETH
Analysis of 9 Feb 2026Rocket Pool ETH (rETH) is the liquid staking token for Ethereum's most decentralized staking protocol, launched in October 2021. As of February 9, 2026, the protocol has ~$1.9B TVL with 4,000+ permissionless node operators and 635,000+ ETH staked, delivering 3.27% staking APY as the highest-yielding Ethereum liquid staking token among major protocols.
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Unlike rebasing tokens, rETH appreciates in value relative to ETH as staking rewards accumulate (361,451 rETH supply). The protocol currently requires 8 ETH to operate a node, dropping to 4 ETH with the Saturn upgrade launching February 18, 2026 in just 9 days with all security audits complete (Cantina audit published). rETH maintains its position as a major liquid staking protocol, while Lido's dominance continues declining to 24.2% market share (8.72M ETH, down from 27.7% with 9.41M ETH in January 2026 and 70%+ in 2024).
