• A novel dual-active Sb-Zn alloy electrode is elaborately designed. • A unique lithiation mechanism is demonstrated for the first time in LMB field. • The LiZnSb generation enables an elevated discharge voltage platform of 1.1 V. • Zn melts construct in situ rapid electron/lithium percolating networks in cathode. • The Li||Sb-Zn battery attains high energy density and excellent rate capability. Liquid metal battery (LMB) has recently captured intensive attention for large-scale energy storage, originating from its attractive cost-efficiency, robust cyclability, and ultralong service lifetime. Nevertheless, realizing high energy density remains a great challenge. Herein, a novel dual-active Sb-Zn electrode is elaborately designed. A unique lithiation mechanism is demonstrated for the first time in LMB field. A ternary intermetallic compound LiZnSb is preferentially formed with a high discharge plateau at ca. 1.1 V, which is followed by a conversion reaction to Li 3 Sb and Zn at around 0.8 V and then a consecutive dissolution reaction of lithium in molten Zn, significantly ameliorating the voltage and capacity properties. Meanwhile, part Zn melts regenerate and disperse among discharge product layer, constructing rapid electron/lithium percolating networks in-situ, which accelerates the electrode reaction kinetics. As a result, the Li||Sb-Zn battery exhibits high average discharge voltage of 0.763 V at 100 mA cm −2 and superior rate performance (0.596 V at 1000 mA cm −2 ). Outstanding energy and power densities (290.6 Wh kg −1 and 239.66 W kg −1 ) are achieved, remarkably surpassing most reported LMBs and even comparable to Na-S battery. This work showcases an innovative electrochemistry system, opening a new avenue for high-performance LMBs.