Polkadot staking draws nearly $3 billion in DOT tokens

In the Polkadot blockchain, users staked DOT tokens worth about $2.945 billion. The network led the top-10 Proof-of-Stake projects with 24.6% of the $11.97 billion equivalent of all coins involved in earning passive income, according to The Block.

In second place is the Cardano blockchain (ADA) with $1.79 billion (14.9%), in third Tezos (XTZ) with $1.443 billion (12%). EOS, with $1.425 billion (11.9%), trails Tezos by a small margin.

Source: The Block.

Eight Layer-1 networks, along with Band Protocol and Synthetix, which operate on Ethereum, made the top-10.

Analysts noted that over a 90-day horizon the Polkadot token was the only asset among the largest PoS projects that appreciated in US dollars, Bitcoin, and Ethereum.

In late October added the ability to stake DOT. In April, Coinbase Custody announced such an option for its clients.

On November 4, the developers launched the Ethereum 2.0 deposit contract. The launch condition for the Ethereum 2.0 mainnet is the participation of 16,384 validators, who by December 1 must deposit for staking a total of 524,288 ETH.

What is Ethereum 2.0?

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