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RESEARCH: Cryptocurrency Staking Value Soars To A Record $7 Billion USD (coingape.com)
  • Total value in USD on staking platforms on the verge of breaching $7 billion USD.
  • Eos, Tezos, Atom and Algo lead the standings with over $500 million USD staked in each platform.

After a year of rocketing growth, 2020 looks set to push investors into staking platforms even further as latest reports show, According to Staking Rewards, a staking platform data aggregator, the total staked amount in dollars currently stands at $6.961 Billion USD, with seven of the top ten coins all registering over $100 million USD in staked coins.

However, the research conducted by Crypto Differ excludes Tron (TRX), which stakes 22% of the total ~1 billion USD worth of TRX.

Staking allows cryptocurrency holders to earn passive income by storing their coins on protocols designed to payout interest.


Staked platforms nears $7 billion in USD valuation




The research from Crypto Differ places the total staked amount in dollars at $6.961 billion USD, excluding TRX, with the push to $7 billion USD set to happen sooner rather than later.

Staking cryptocurrencies have gained traction in the past year as a number of exchanges introduced zero fee staking such as Binance Staking Protocol which launched a free staking platform for Tezos at the end of last year.


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CryptoDiffer@CryptoDifferSTATE OF THE STAKING

According to the @StakingRewards USD value locked in staking approaches 7 billion USD, while the Staking Market Cap (valuation of all projects that have staking mechanism) is currently at 11.2 billion USD.

MORE 1f449.pnghttps://t.me/cryptodiffer/1788 …


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927:38 PM - Jan 13, 2020Twitter Ads info and privacy
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The market capitalization of staking cryptocurrencies currently stands at $11 billion dollars, which shows over 60% of the total cap is held in staking protocols. The top seven coins –which hold at least $100 million USD – including EOS, Tezos, Cosmos, Algorand, Dash, Synthetix and NEM, hold a combined $4.5 billion of the total ~$7 billion staked, representing approx. 64% of the total.


Four coins hold over $3 billion USD



While the field is growing at an astronomical pace, four of the top staking projects seem to be controlling much of the market with ~$4 billion staked across the four crypto projects. Eos (EOS) leads the pack with $1.822 billion USD staked, representing a quarter of the total amount staked.

Tezos (XTZ), Cosmos (ATOM) and Algorand (ALGO) complete the list of project with over $500 million USD staked with $832 million USD, $771 million and $515 million staked respectively.

“We calculated the ratio of staked coins to the circulating supply as well. The leaders are Cosmos (98.6%), Livepeer (95.6%), Synthetix (88.3%), Kava(86%) and Tezos (85.8%).” – StakingRewards.com on the 2020 staking report.

However, there remains questions of the exclusion of Tron (TRX) from the list of staking projects as explained by enthusiast and community member, Mike McCarthy. The eleventh largest crypto has a total of $329 million USD staked, as at time of writing representing approx. 22% of its total market capitalization.

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Mike McCarthy@MikeNerdUK#TRON $TRX was overlooked in this report. Let's fix that.

As I type this - the current USD value of $TRX staked is $329million, making it the 5th highest total staked blockchain.

For comparison - On Sept 22nd 2019 total TRX staked was $148million

Or my maths could be wrong

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https://twitter.com/CryptoDiffer/status/1216791600157941762 …
CryptoDiffer@CryptoDifferSTATE OF THE STAKING

According to the @StakingRewards USD value locked in staking approaches 7 billion USD, while the Staking Market Cap (valuation of all projects that have staking mechanism) is currently at 11.2 billion USD.


MORE

  1f449.png

https://t.me/cryptodiffer/1788 …


EOLpgiiW4AAF18t?format=jpg&name=medium

349:31 PM - Jan 13, 2020Twitter Ads info and privacy

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The field of staking is just taking off and this year looks to provide a larger market for staking products. Can the market breach $10 billion in 2020?Coingape is committed to following the highest standards of journalism, and therefore, it abides by a strict editorial policy.

While CoinGape takes all the measures to ensure that the facts presented in its news articles are accurate.

Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape.

Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
    • 1
    Francisco Gimeno - BC Analyst Staking in crypto is beginning to offer big numbers. The market and the crypto staked is small compared with tradicional markets, but it shows how is steadily growing showing more confidence in the present and next future of crypto. This year should be a good one for staking.