Ethereum Dominates Staking Economies

The cryptocurrency ecosystem is buzzing as leading cryptocurrency projects dominate staking economies through staked token value. According to recent data

This post is discussing the total value of staked tokens across major cryptocurrency projects. As of today, ETH has the largest stake value at $64.7 billion.

According to the Phoenix Group data, the second-largest is Solana with a total stake value of $51.0 billion. This highlights the strong participation of stakeholders and the active operation of the network.

At third is Binance Coin with a total value of $18.6 billion. While at fourth and fifth are Sui and Cardano with $17.9 billion and $16.2 billion respectively.

The data shows that investors have poured a massive amount of money into the cryptocurrency market. This is especially true for the major projects, which are used by millions of people around the world.

The integration of staking services and wrapped BTC solutions allowed Bitcoin to become a part of the list despite its proof-of-work nature.

The cooperation between projects and community members is crucial for the successful development of any blockchain network.

The Bitcoin project has a total stake value of $4.9 billion while Aptos has $4.7 billion in the rankings.

The data shows that staking activity is growing across networks. Other projects that feature in the list include Avalanche, Polkadot and Hedera.

The Bitcoin project is ranked no. 9 with a total stake value of $4.9B.

The post Major Projects Dominate Staking Economies with STAKED Token Value Surpassing Billions