RATE Group | Cryptocurrency Staking Value Soars To A Record $7 Billion USD
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Cryptocurrency Staking Value Soars To A Record $7 Billion USD

14 Jan Cryptocurrency Staking Value Soars To A Record $7 Billion USD

Posted at 03:01h in Cryptocurrency News by

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  • 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…

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