Saturday, December 10

Ethereum Now Tops The List Of The Most Staked Crypto Assets

The staking platform of the second-largest crypto assets has been receiving massive stakes since the network upgrade.

Per the recent news, Ethereum wins the trophy to be one of the most staked crypto assets.

Most Staked Crypto Asset

The news comes following the successful merge event of the Beacon Chain Consensus Layer incorporated with the Ethereum Execution Layer.

Read Also: Gokhshtein Says “XRP [Is] Probably The Only Legitimate Asset [Doing] Well Today,” As It Spikes 70.2% Over The 30 Days, 8% In 24 hours

There has been a lot of breakthrough from reporters concerning the merger in favour of the Ethereum network.

This announcement is yet another achievement specifically for the smart contract compatible with the blockchain network.

Since the whole digital space has witnessed the successful event of the Merge upgrade that occurred on 15th September 2022. During this blockchain transition, the protocol from proof-of-work was transited to a proof-of-stake consensus mechanism.

Read Also: Terra Rebel Says There Is No Agreement Between LUNC And The SuperLitho: Detail

Per the data from the crypto staking data aggregator-“Staking Rewards”; Ethereum currently has 20% of the market share and also occupies the top position being declared as the most value staked in terms of USD. The number counts to more than USD 19.69 billion worth of Ether.

Ethereum Tops The Most Staked Assets’ List

While Ethereum occupies the first position,  Solana Solana (SOL) takes the second position with a staked market cap worth USD 13.4 billion. At the same time, Cardano (ADA) is one step down from Solana stepping in the third position with its $11. 9 billion USD worth of staked market cap.

Ethereum Has The Ability To Pass The Howey Test

The US Securities and Exchange Commission has taken its eyes off the crypto-staking market. Gary Gensler, the SEC chief recently clarify that that proof-of-stake digital assets can pass the Howey test as currently, the SEC laws may apply to Ethereum as well.


Follow us on Twitter, FacebookTelegram, and Google News

Share this:

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *