PhoenixGrouphasreleaseditslatestrankingsofcryptocurrencyprojectsbytotalvalueofstakedtokens.Ethereum’s($ETH)andSolana’s($SOL)tokenshaveaccumulatedthemostconsiderablevalueofstakedtokenswith$84.7Band$66.9Brespectively.Ethereum($ETH)standsoutwithasignificantmargin,followedcloselyby$SOL.Thesetwoprojectshaveconsistentlymaintainedtheirpositions,showcasingtheirrobuststakingmechanismsandstrongcommunitysupport.
TOPPROJECTSBYTOTALVALUEOFSTAKEDTOKENS$ETH$SOL$BNB$SUI$APT$ADA$TRX$AVAX$TIA$DOT$TON$TAO$NEAR$SEI$SAGApic.twitter.com/VPxrBoAL91
—PHOENIX–CryptoNews&Analytics(@pnxgrp)October26,2024
NotableEntriesandTrendsinStakingProtocols
Intherankingofstakingprotocols,thestabletokenBinanceCoin($BNB)remainsinthethirdpositionwith$19,08B,furtherfollowedbySui($SUI)andAptos($APT),provingtheirdominanceonthestakingprotocolswith$13.8Band$8.2Brespectively.
Theentryof$SUIand$APTisevenmoresurprisingbecausetheyhaveenteredthetopshelvesofnewlyemergingprojectsthatbecamepopularamonginvestors.Otherlargecapsthatarealsopresent,includeCardano($ADA),TRON($TRX),andAvalanche($AVAX)withsignificantstakedvalues.
StakingRatiosandRewardRates
Thereportalsorevealedvaryingstakingratiosandrewardratesofthetopprojectsaspresentedinthetablebelow.Forexample,$ETHhasastakingpossibilityof28.5%withastakingbonusof3.3%,while$SOLhasa67.1%stakingpossibilityanda6.5%stakingbonus.Thesedifferencesreflecttheuniqueeconomicmodelsandincentivesdesignedbyeachprojecttoattractstakers.
Inadditiontoestablishedprojects,thereportshowcasesemergingtokenssuchas$TIA,$DOT,$TON,andTAO,whicharemakingsignificantstridesinthestakingmarket.Theseprojectsareattractingattentionwithcompetitiverewardratesandinnovativestakingmechanisms.NEARProtocol,SeiNetwork($SEI),and$SAGAalsofeatureintherankings,eachcarvingoutanicheinthecompetitivelandscape.
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