In quite an interesting turn of events, Solana or SOL has topped the list of total staked value with $36 billion as Cardano's ADA follows in second with $24.4 billion. Ethereum is now sitting in third place with just $22.1 Billion in total staked value.

Solana Tops in Total Staked Value

Staking is a form of passive earning in crypto that allows owners to "stake" or put their holdings to good use in order to earn returns. These returns are usually given as annual rewards or otherwise known as APY. PancakeSwap is known to offer the highest, which is at 50.7%.

Quite surprisingly, as seen on the list on CryptoDep, all of the cryptocurrencies on the list's major exchange by volume was actually on Binance, but as of the time of the listing, the Binance Coin or BNB only had $7.01 Billion total staked value.

What is more surprising is the sequence in which these cryptocurrencies ranked in terms of total staked value. SOL came out on top while CAKE landed in the bottom. Other notable cryptocurrencies within the list include LUNA, AVAX, DOT, ATOM, ICP, NEAR, MATIC, FTM, XTZ, and ALGO which can all be found on CoinGecko.

Read Also: The Sandbox Leads Virtual Real Estate with Token Valued at $14 Billion

Top Projects by Total Staked Value:

Solana

• Cryptocurrency ticker: SOL

• Total USD value of all tokens participating in staking: $36.0 billion staked value

• Reward APY: 5.75 percent

• Major exchange in terms of volume: Binance

Cardano

• Cryptocurrency ticker: ADA

• total USD value of all tokens participating in staking: $24.4 billion staked value

• Reward APY: 5.05%

• Major exchange in terms of volume: Binance

Ethereum

• Cryptocurrency ticker: ETH

• Total USD value of all tokens participating in staking: $22.1 billion staked value

• Reward APY: 4.90 percent

• Major exchange in terms of volume: Binance

Terra

• Cryptocurrency ticker: Luna

• Total USD value of all tokens participating in staking: $20.5 billion staked value

• Reward APY: 7.36 percent

• Major exchange in terms of volume: Binance

Avalanche

• Cryptocurrency ticker: AVAX

• Total USD value of all tokens participating in staking: $15.1 billion staked value

• Reward APY: 9.27 percent

• Major exchange in terms of volume: Binance

Polkadot

• Cryptocurrency ticker: DOT

• Total USD value of all tokens participating in staking: $11.2 billion staked value

• Reward APY: 13.9 percent

• Major exchange in terms of volume: Binance

Binance Coin

• Cryptocurrency ticker: BNB

• Total USD value of all tokens participating in staking: $7.01 billion staked value

• Reward APY: 9.28 percent

• Major exchange in terms of volume: Binance

Cosmos

• Cryptocurrency ticker: ATOM

• Total USD value of all tokens participating in staking: $6.55 billion staked value

• Reward APY: 13.3 percent

• Major exchange in terms of volume: Binance

Internet Computer

• Cryptocurrency ticker: ICP

• Total USD value of all tokens participating in staking: $4.83 billion staked value

• Reward APY: 8.09 percent

• Major exchange in terms of volume: Binance

Near Protocol

• Cryptocurrency ticker: NEAR

• Total USD value of all tokens participating in staking: $4.06 billion staked value

• Reward APY: 11.7 percent

• Major exchange in terms of volume: Binance

Polygon

• Cryptocurrency ticker: MATIC

• Total USD value of all tokens participating in staking: $3.46 billion staked value

• Reward APY: 13.8 percent

• Major exchange in terms of volume: Binance

Fantom

• Cryptocurrency ticker: FTM

• Total USD value of all tokens participating in staking: $3.20 billion staked value

• Reward APY: 14.7 percent

• Major exchange in terms of volume: Binance

Tezos

• Cryptocurrency ticker: XTZ

• Total USD value of all tokens participating in staking: $1.98 billion staked value

• Reward APY: 5.51 percent

• Major exchange in terms of volume: Binance

Algorand

• Cryptocurrency ticker: ALGO

• Total USD value of all tokens participating in staking: $1.88 billion staked value

• Reward APY: 9.17 percent

• Major exchange in terms of volume: Binance

PancakeSwap

• Cryptocurrency ticker: $1.55 billion

• Total USD value of all tokens participating in staking: $1.55 billion staked value

• Reward APY: 50.7 percent

• Major exchange in terms of volume: Binance

Related Article: Cardano Update: Scammers Minted Fake MELD Tokens and Listed Them on SundaeSwap

This article is owned by Tech Times

Written by Urian B.

Related Article

Cardano Update: Scammers Minted Fake MELD Tokens and Listed Them on SundaeSwap

The Sandbox Leads Virtual Real Estate with Token Valued at $14 Billion