Polkadot is the most popular network for staking, nearly $3 billion worth of DOT tokens are at stake


Layer-1 blockchain Polkadot is the most popular network when it comes to staking. According to The Block Research, nearly $3 billion worth of DOT, Polkadot's native token, are at stake.

The figure means DOT token holders have deposited $3 billion worth of funds with Polkadot validators for earning passive income. Cardano follows Polkadot as the second most popular network, with $1.79 billion worth of ADA staked.

Tezos (XTZ) and EOS are ranked third and fourth by staking value, each having roughly $1.4 billion within their networks. Overall, around $12 billion in total is staked across the top ten networks — eight of which are Layer-1 blockchain networks — except Band Protocol and Synthetix.

Source: Staking Rewards, The Block Research

Besides being the largest network by staking value, Polkadot's DOT is the only token to have a positive return in the U.S. dollar, bitcoin, and ether over the past 90 days since the network launched trading of the token.

To read the full staking report and more such data-driven stories, subscribe to The Block Research.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Will Sanctions Drive Russia into the Arms of Cryptocurrencies?

From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC