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Solana becomes the most staked crypto asset by value




 In light of the increasing adoption of the technology, many investors are resorting to crypto staking to diversify their passive income sources.

In terms of the total value of crypto assets staked as of November 18, Solana (SOL) is the most staked digital asset by value, with $82 billion staked on the network, corresponding to 77.37% of eligible tokens, according to Staking Rewards, a prominent data source for staking and crypto-growth tools that currently covers 261 yield-bearing assets.

Top 10 crypto assets by staked value. Source: stakingrewards.com

The crypto that ranked second by the staked value is Cardano (ADA), currently over $44 billion, 70.68% of the total value. Ethereum 2.0, Polkadot (DOT), and Avalanche (AVAX) round out the top five crypto assets in terms of staked value.

However, it's worth mentioning that with the recent rise of Solana to become the fifth largest crypto by market capitalization, the order of the assets by staked value has changed significantly since April 20, 20201, when the value of the top ten staked cryptocurrencies stood at $99.2 billion.

According to data acquired and calculated by Finbold, at the time, Cardano led the pack with 73.27% of eligible staked tokens with a value of $27.35 billion. In comparison, Polkadot ranked second with 64.18% of eligible tokens staked at a value of $23.9 billion. In total, the two tokens accounted for over half of the top ten staked values at the time, about 51%

Binance ranks 4th most popular crypto staking provider as of November 17, 2021, The platform which is the most popular cryptocurrency exchange in terms of the total number of customers, is the fourth biggest cryptocurrency staking provider in the world, according to Crypto Differ; indeed, Binance staking presently has 90.569 users who are staking popular cryptocurrencies like as Cardano, Polkadot, and Algorand.

Most popular staking providers. Source: CryptoDiffer

Other notable staking services that make up the top four include Ukrainian Everstake, which is ranked first with 432,263 users. SwissBorg, with over 178,000 users, is the second-largest staking provider, having the ability to stake Ethereum 2.0 Bitcoin (BTC) and Binance Coin (BNB), while Atomic Wallet, with 131,530 users, is the third-largest staking provider in Estonia.



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