7 December 2021
Many Crypto investors are moving towards Crypto staking to diversify their passive income sources.
The total value of the Crypto asset, Solana (SOL), has become the most staked digital asset by value. According to Staking Rewards, a reliable data source, around $82 billion are staked on the network, corresponding to 77.37% of eligible tokens.
Cardano (ADA) ranks second by the staked value with $44 billion, 70.68% of the total value. Ethereum 2.0, Polkadot (DOT), and Avalanche (AVAX) lie in the top five crypto assets in terms of staked value.
As per the Pooltool report, a Cardano data aggregation tool highlighted 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.
With the rise of Solana to become the fifth-largest Crypto by market capitalization, the staked value has changed drastically since April 20, 2021, when the top ten staked Cryptocurrencies' value stood at $99.2 billion.
The data calculated by Finbold, Cardano led the group with 73.27% of eligible staked tokens with a value of $27.35 billion. While Polkadot recorded the second position with 64.18% of eligible tokens staked at a value of $23.9 billion. Almost, two tokens accounted for over half of the top ten staked values at the time, about 51%.