According to data from the analytics platform Stakingrewards, Cardano (ADA), and Polkadot (DOT) has the most staked capitalization.
The Comparison of Cardano with Other Cryptos
Cardano is also slightly ahead of Polkadot, with customers betting $28.95 billion on ADA’s platform vs. $25.43 billion on DOT’s. According to the data, the pair accounts for more than a third of all crypto staking.
Tezos (XTZ) has dropped out of the top 10 in terms of staking capitalization, while Polkadot and Cardano have expanded their staking domination. According to Staking Rewards, Cardano’s stakes bring in an annual price of 7.22%.
DOT has average annual staking that is estimated to be more than 13%. Interestingly, both Cardano and Polkadot currently represent 7.9% of the $621.6 billion in cryptocurrency assets designated for staking within the crypto industry.
Meanwhile, Cardano and Polkadot are leading the chase with $9.4 billion for staked capital. Solana (SOL), on the other hand, has taken the third position for staking capitalization. However, the annual return for Solana stakers is about 11%.
Tezos used to be the king of staking, but the token has dwindled significantly down the pecking order to the eleventh spot. It has a financed capitalization of $3.5 billion and generates about 5.5% returns annually for stakes. It is relatively surprising considering that Tezos had ranked 4th for about six months, according to a report at the time.
XTZ came off in the top ten last time. But the token dropped to 35th position. Making it the biggest depression among the top ten tokens when it comes to staking capitalization. Ethereum is the fourth largest financial asset with more or less $8.2 billion. Only 3.4 million circulating Ethereum are allocated to staking, while 3.9 million Ethereum are presently locked in the Beacon Chain deposit contract. This only shows that Ethereum still has enough space for expansion.
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