During 2020, crypto investors earned more than $20 billion from validating transactions on Proof-of-Stake (PoS) blockchains. Decrypt cited data from a report by the investment startup Staked.
Staking participants earned an average annual yield of 11.2% on funds staked.
The highest staking yields are offered by NuCypher, Secret Network and Livepeer — over 30%. The lowest is Keep Network (3.4%).
The largest PoS projects by market capitalisation are Ethereum 2.0 with a 12.4% stake, Polkadot (13.8%) and Solana (26.1%).
PoS-based systems account for 25 of the 100 largest cryptocurrency networks by market capitalisation. The total market value of the projects exceeded $175 billion in 2020.
What is staking and how can you earn money from it?
In December, the Ethereum 2.0 staking involved coins worth $1 billion. At the time of writing, the value of ETH in the deposit contract stood at more than $3.5 billion.
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