$SUI and $BNB Chain Show Solid Staking Activity Just Below Ethereum & Solana
In the third place after Ethereum and Solana is $SUI. $SUI has a stake of $22.3 billion, a reward rate of 2.31%, which indicates its popularity among users and developers. Being a recent arrival, $SUI has already found its way up the dApps hierarchy due to its object-oriented data model and scalable dApps.
$BNB Chain comes fourth with $20.2 billion value in stakes and a reward rate of 1.22%. It implies great trust in its ecosystem, which is mainly caused by the usefulness of the Binance ecosystem and the current growth in the DeFi and GameFi applications on $BNB Smart Chain.
Hyperliquid ($HYPE) and Cardano ($ADA) Maintain Competitive Stakes
One of the new decentralized derivatives platforms, Hyperliquid ($HYPE), has amassed over $16.4 billion worth of staking, providing a small 2.29% incentive. Its very quick success indicates the demand in the market for innovative DEXs and perpetuals that offer on-chain transparency.
Cardano ($ADA) is a stable participant in the world of staking with a total of $13 billion in value locked. With a 2.52% reward rate, $ADA has taken its time to develop steadily and has a solid academic backing, encouraging a long-term belief in its protocol.
Tron, Bitcoin, and Aptos Expand Their Share
Tron (TRX) has $12.1 billion staked, with a 3.42 percent annualized yield, demonstrating its consistent control in managing large-volume stablecoin transactions and regional use in Asia.
Remarkably, Bitcoin ($BTC) has joined the staking market with a value of $6.36 billion, but without the rewards rate. This is probably wrapped or synthetic $BTC staked through third-party protocols, and not Bitcoin staking.
Aptos (APT), a Layer 1 project that is scalable and safe, has a staked value of $3.92B and a high reward of 7%. It is compelling developers of the next generation of DeFi and NFTs by using its Move language and modular infrastructure.
Avalanche, Polkadot, and Hedera Hold Firm
Both Avalanche ($AVAX) and Polkadot ($DOT) are also strongly positioned in staking, with a total amount of locked funds being $3.89B and $2.91B respectively. $AVAX achieved the same reward rate as Solana, 7.28%, and $DOT attains 11.8%.
Hedera (HBAR) has a staked value of $2.57B, and a close-to-zero reward rate of 0.03%. Although it has a low yield, it is still relevant in supply chain and payment solutions.
Rising Projects: Bittensor, Story Protocol, and Sei
Bittensor ($TAO) is one of the newer projects, having more than $2.25 billion staked and a reward rate higher than any other listed token of 15.5%. $TAO is a protocol aimed at AI; it presents itself as a decentralized machine learning and innovation-driven roadmap.
IP is a potential competitor in Web3 intellectual property ecosystems, with a sustainable staking reward of 7.13 percent and a portfolio of $1.36 billion.
Last but not least is Sei (SEI) with $1.29B worth of staked value and a decent yield of 5.47 percent, which is becoming well-liked as a Layer 1 designed with high-efficiency DeFi trading.
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