Report said that Cardano and Polkadot have continued to dominate the staked capitalization rankings.
It has been reported that Cardano is currently the top blockchain in terms of staked value, with around $26.4 billion worth of Cardano (ADA) allocated to securing the network.
However, with Cardano’s entire capitalization tagging $36.6 billion, 73% of circulating ADA are being staked. Staking Rewards estimates Cardano stakers are earning an annual reward of 7.22%.
The report said that the second-largest crypto asset by staked value is Polkadot with $22.7 billion worth of DOT locked, representing 64% of its circulating supply. Average annual staking rewards for DOT are estimated at more than 13%.
Higher stakes, higher reward? According to data from StakingRewards, Cardano is currently the top blockchain in terms of staked value. 73% of circulating #ADA are being staked. https://t.co/1JviHS4CZI — Cointelegraph (@Cointelegraph) April 20, 2021
Currently, Cardano and Polkadot represent 7.9% of the $620.6 billion in crypto assets that designated for staking across the crypto asset sector combined.
Thus, while Polkadot and Cardano have long dominated the staking sector by locked value, other leading assets have experienced notable disruptions to their rankings recently.
Source: Cointelegraph | Image: YouTube