This Altcoin Becomes the Most Staked Cryptocurrency!

In light of the increasing adoption of technology, many investors are turning to crypto staking to diversify their passive income sources. In terms of total cryptocurrency value staked as of Nov 18, Solana (SOL) holds 77.37% of its total supply out of circulation, with locked pools of $82 billion, according to Staking Rewards data. Let’s continue in the following order…

Most staked cryptocurrencies

When we look at the general situation of the table, Cardano (ADA), which is in the second place, has a staking value of over 44 billion dollars, which constitutes 70.68% of its total value. Ethereum 2.0, Polkadot (DOT), and Avalanche (AVAX) round out the top five cryptocurrencies in terms of staked value.

Interestingly, a recent report reported figures from Pooltool, a Cardano data collection tool, that ADA’s stake wallets had reached a total of 942,117 stake addresses as of November 10, 2021, adding 100,000 new stake addresses in just two months. CryptoDiffer company, whose data we share, also interprets the same rates on the Binance exchange.

Binance becomes the 4th most popular crypto staking provider

As of November 17, 2021, Binance, currently the most popular cryptocurrency exchange in terms of total client count, is the world’s fourth largest cryptocurrency staking provider according to Crypto Differ; Indeed, Binance staking currently has 90,569 users who are staking popular cryptocurrencies such as Cardano, Polkadot, and Algorand (ALGO).

Notably, among other staking services that make up the top four is Everstake from Ukraine, which ranks first with 432,263 users. With over 178,000 users, SwissBorg is the second largest staking provider with the ability to stake Ethereum 2.0, Bitcoin (BTC), and Binance Coin (BNB), while Atomic Wallet is the third largest staking provider with 131,530 users.

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