Introduction

stETH is Lido's staked ETH liquid variation. stETH is a Lido token that represents staked ether by combining the value of the original deposit with the staking incentives. When stETH tokens are deposited, they are minted and then burnt. The ethers staked by Lido are tied 1:1 to the stETH token balances. The balances of the stETH token are updated every day when the oracle reports a change in total stake.

Methodology

The query understands the price of both ETH and stETH from the hourly prices menu of the table and then they are aggregated for the same period of time to see the insights into their price fluctuations.In addition to this, the average price distribution of all the tokens is also considered.

The table here representts the timely access of the stETH and ETH tokens and they are aggregated to see if there is high price variance between them.Now letus look at each token seperately.

The price distribution of the stETH tokens for the chosen period of time is plotted here.It shows that the token has faced the highest price on November 9,2021

The price of the ETH tokens are charted here for the same period of time and they are distributed here and the plot shows that the ETH token has attained its highest value on November 9 ,2021 same as the staked ETH tokens.Now let us compare both the tokens.

The comparison in the prices of both the tokens is charted on a timely basis and it indicates that both the tokens followed the same trend except for two instances where the price of the ETH token dropped abruptly and then gained back.The first instance is from September 14,2021 and gained back on September 18,2021 and again followed the same drop the next day and gained back to its normal on September 25,2021.

Inference

In September, Ethereum fell 13%, marking the cryptocurrency's second-worst month in the last year. The ethereum blockchain has recently had a number of setbacks, including an unanticipated split due to a flaw.The network's speed and excessive transaction fees are still a concern. The August "London" update was expected to reduce transaction fee volatility, although it only had a little impact.

Meanwhile, other blockchains called "ethereum killers" are profiting from ethereum's difficulties.

In late August, Ethereum split into two distinct chains when a fault in the software that most people use to connect to the blockchain was exploited. This was not the first time the network has been compromised.

The graph here displays the average price of both the tokens and they are charted for the same period of time and it displays that there is no such big difference in the price variations except minute variations in the price of the tokens.

The table here displays the average price listing of the tokens from the new core data of the Ethereum Main net and the data are aggregated for time.