The cryptocurrency ecosystem is buzzing as leading cryptocurrency projects dominate staking economies through staked token value. According to recent data from Phoenix Group the Ethereum ($ETH) project recorded the largest stake value in cryptocurrency with $64.7 billion. The staking value of Solana ($SOL) stands at $51.0 billion highlighting the solid stakeholder participation and intense network operations.
Binance Coin ($BNB) continues to maintain a large stake value allocation exceeding $18.6 billion. The investment by Sui($SUI) and Cardano ($ADA) reached $17.9 billion and $16.2 billion demonstrating enthusiastic community support and network activation. The staked value of Tron ($TRX) reached $8.9 billion due to its high transaction speed and strategic establishment partnerships.
Emerging Contenders in Staking
Hype ($HYPE), Bitcoin ($BTC), and Aptos ($APT) holds $6.1 billion, $4.9 billion and $4.7 billion respectively. The integration of staking services and wrapped BTC solutions allowed Bitcoin to become a part of the list despite its proof-of-work nature. Staking activity grows across networks that include Avalanche ($AVAX), Polkadot ($DOT), and Hedera ($HBAR) apart from the major stakeholder projects.
The staking value in Avalanche stands at $4.3 billion with Polkadot and Hedera securing $3.7 billion each. Various blockchain networks show rising adoption of staking solutions based on the current data. Emerging projects like MANTRA ($OM), Celestia ($TIA), and Bittesor ($TAO) have established themselves in the staking field with stakes of $3.7B, $2.5 billion and $1.6 billion.Â
Staking Rewards and Participation Ratios
Various blockchain projects employ different levels of staking ratio through their circulating supplies. The staking ratio for Ethereum stands at 27.7% which is considered relatively average while Solana stands at 63.3%
The staking participation level for Sui stands at 76.1% while Cardano currently has 59.7% and both Polkadot and Avalanche demonstrate 53.6% and 51.1% respectively. Different networks reward stakers with varying rates because they seek to motivate stakeholders to participate.
