Cryptocurrency Staking : Tezos Leads With $1.38B Locked, EOS Second – CryptoTicker.io

CryptoDiffer released a report based on data from Staking Rewards on Apr 24, detailing the crypto-assets employing Proof of Stake (POS) consensus mechanism and their ranking, based on the percentage of the circulating supply and the resultant USD value of the staked cryptocurrency. The combined value of all staked tokens has now reached $5.8B. The top 8 crypto-assets in staking have at least $100M value locked.

STATE OF THE STAKING

Top 7 projects have at least 100M value of USD locked in Staking each$XTZ @tezos$EOS @block_one_$ATOM @Cosmos$ALGO @Algorand$DASH @DashPay$TRX @TronFoundation$XEM @NEMofficial

Data from @StakingRewards pic.twitter.com/nL0OKHKMIA CryptoDiffer (@CryptoDiffer) April 24, 2020

According to the data, Tezos (XTZ) clinched the top spot with 95.4% supply locked with an estimated current value of $1.38B. EOS (EOS) managed the second spot with 64.7% supply locked currently worth $1.14B. Cosmos (ATOM) came third with 77% supply locked with an estimated worth of $465.5M. Algorand (ALGO) bagged the fourth position with 60.8% supply locked currently worth around $382M. Dash (DASH) was fifth with 48.2% supply locked worth $48.2M.

Tron (TRX) managed sixth position with 38.8% supply lockedworth $351.1M. NEM (XEM) came seventh with 39.1% supply locked worth $133.7M.Synthetix Network Token (SNX) was the eighth one with 85.7% supply locked worth$104.5M.

Proof of Stake (POS) is a consensus mechanism, which takes into account the credit or shares of a participants to determine if they can authenticate transactions and generate blocks. The extent to which they are allowed to contribute and earn rewards, in exchange of securing the network, is determined by the number of tokens they have staked. The staking mechanism is both resource efficient and better in performance. Further, it reduces the circulating supply of a crypto-assets, by incentivizing users to hold it as collateral for securing network, resulting in locking up of available supply and rise in value of existing free tokens.

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you

Instant Crypto Credit Lines from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.

Ad

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! 🙂

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors.CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.

Posted By

CryptoDiffer released new data on Apr 24 detailing the comparison between the average holding time period of different crypto-assets. The

CoinGecko - the crypto analytics and data aggregator platform published a survey recently, detailing the high optimism in the cryptocurrency

Binance - the world's leading digital currency exchange announced on Apr 18 that it has completed the 11th quarterly BNB

The rest is here:
Cryptocurrency Staking : Tezos Leads With $1.38B Locked, EOS Second - CryptoTicker.io