In light of the increasing adoption of the technology, many investors are resorting to crypto staking to diversify their passive income sources.
In terms of the total value of crypto assets staked as of November 18, Solana (SOL) is the most staked digital asset by value, with $82 billion staked on the network, corresponding to 77.37% of eligible tokens, according to Staking Rewards, a prominent data source for staking and crypto-growth tools that currently covers 261 yield-bearing assets.
Ranked second by the staked value is Cardano (ADA), currently over $44 billion, 70.68% of the total value. Ethereum 2.0, Polkadot (DOT), and Avalanche (AVAX) round out the top five crypto assets in terms of staked value.
Interestingly, in a recent report, we highlighted that figures from Pooltool, a Cardano data aggregation tool, indicated that ADA’s staking wallets reached a total of 942,117 staking addresses as of November 10, 2021, adding 100,000 new staking addresses in just two months.
However, it’s worth mentioning that with the recent rise of Solana to become the fifth largest crypto by market capitalization, the order of the of assets by staked value has changed significantly since April 20, 2021, when the value of the top ten staked cryptocurrencies stood at $99.2 billion.
According to data, Cardano led the pack with 73.27% of eligible staked tokens with a value of $27.35 billion. In comparison, Polkadot ranked second with 64.18% of eligible tokens staked at a value of $23.9 billion. In total, the two tokens accounted for over half of the top ten staked values at the time, about 51%.
On November 18th, according to Staking Rewards, a well-known data source for staking and crypto-growth tools that currently covers 261 yield-bearing assets, Solana (SOL) was the most staked digital asset by value, with $82 billion staked on the network, which corresponded to 77.37 percent of all eligible tokens. As cryptocurrency technology becomes more extensively utilized, many investors are turning to cryptocurrency staking to diversify their passive income sources.
When it comes to staked value, Cardano (ADA) is a close second, with a market capitalization of around $44 billion, accounting for 70.68 percent of the total value of all cryptocurrencies. The top five crypto assets in terms of staked value are Ethereum 2.0, Polkadot (DOT), Avalanche (AVAX), and Polkadot (DOT).
ADA’s staking wallets had reached a total of 942,117 staking addresses as of November 10, 2021, according to information from Pooltool, a Cardano data aggregation tool, according to a recent publication, representing a gain of 100,000 in only two months.
As a result of Solana’s recent rise to the fifth biggest cryptocurrency by market capitalization, the ranking of assets by staked value has shifted considerably from April 20, 2021, when the total value of the top ten staked cryptocurrencies was $99.2 billion, when it was ranked first.
According to data, Cardano had a commanding lead in the group, accounting for 73.27 percent of eligible staked tokens valued at $27.35 billion. With 64.18 percent of eligible tokens deposited at a value of $23.9 billion, Polkadot took second position, putting it ahead of Ethereum and Ripple. At the time, the two tokens accounted for almost half of the top ten staked values, or around 51 percent of the total.
Top Most popular Staking Providers by Users.
- Everstake – 432,263 users
- SwissBorg – 178,153 users
- Atomic Wallet – 131,530 Users
- Binance staking – 90,569 users
- Cake DeFi – 76,252 users
- My Container – 54,924 users
- Chorus One – 33,324 users
- infStones – 33,024 users
- BitGuild – 32,956 users
- Adalite – 32,164 users
Binance surprisingly Ranks at 4th Place.
Based on data from Crypto Differ, Binance, which has surpassed Coinbase as the most popular cryptocurrency exchange in terms of total number of customers, is the fourth largest cryptocurrency staking provider in the world as of November 17, 2021. Indeed, Binance staking currently has 90,569 users, many of whom are participating in staking popular cryptocurrencies such as Cardano (ADA), Polkadot (POLK), and Algorand (ALG) (ALGO).
The other staking services that make up the top four are Ukrainian Everstake, which is rated #1 with 432,263 users and is one of the most popular in the world. Among the major staking services in Estonia are SwissBorg, which has over 178,000 members with the ability to stake Ethereum 2.0, Bitcoin (BTC), and Binance Coin (BNB), and Atomic Wallet, which has 131,530 users. SwissBorg is the second-largest staking service in Estonia, behind only Atomic Wallet.
- Top 3 Reasons Why Ethereum ETF Will Be rejected In 2024
- Will $BOME Follow $WIF and Hit $1. Should you Buy $BOME ?
- Solana to hit New All Time Highs Sooner than you think as Altseason Gears Up.
- If You are Still Sidelined In Crypto. Buy This Crypto for A 10X – 20X Gain.
- Do not Buy Ripple (XRP) Rather invest in these Crypto for Bigger Gains
