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Home Business & Finance Cardano and Polkadot extend staked capitalization dominance

Cardano and Polkadot extend staked capitalization dominance

Document Analysis NLP IA

459
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2:17
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positive
sentiment

Sentiment0.13253000387147
objective
redaction

Subjectivity0.40321331784746
it's an affirmation
Affirmation0.60887096774194

Highlights

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Key Concepts (and relevance score)

Summary (IA Generated)

The stakes have been upped for Cardano and Polkadot, with the two networks continuing to dominate the staked capitalization rankings.

According to data from StakingRewards, Cardano is currently the top blockchain in terms of staked value, with roughly $26.

6 billion, 73% of circulating ADA are being staked.

StakingRewards estimates Cardano stakers are earning an annual reward of 7.

7 billion worth of DOT locked — representing 64% of its circulating supply.

Average annual staking rewards for DOT are estimated at more than 13%.

While Polkadot and Cardano have long-dominated the staking sector by locked value, other leading assets have experienced notable disruptions to their rankings recently.

Solana has now surpassed Eth2 to take the third spot for staked capitalization, with $9.

4 billion with in capital staked.

SOL staking and validation require the asset to be time-locked up and taken out of circulation which may explain the discrepancy, explaining why its staked capitalization exceeds its roughly $8 billion market cap.

Top ten staking assets by staked capitalization: StakingRewards.

Eth2 currently ranks as the fourth-largest staked asset with $8.

While ETH stakers are currently earning more than 7% annually, Ethereum’s forthcoming chain merge is expected to significantly boost rewards as stakers begin collecting fees from the Ethereum Virtual Machine, or EVM.

Eth2 researcher, Justin Drake, predicts staking rewards will at least double with the chain merge, estimating rewards could jump to 25% per year.


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