Solana is presently largest blockchain in terms of staking value, followed by Terra (LUNA) and Ethereum
Data from Staking Rewards shows that Solana is currently the largest staked asset among all major cryptocurrencies in terms of total staked value, according to the data. Solana lands first place among top cryptocurrencies with $39.3 billion worth of SOL staked directly across multiple platforms, while Terra ranks second with $30.1 billion and Ethereum ranks third with a staked value of $27.9 billion. Cardano comes fourth with $22 billion staked.
Staking is a method of earning passive income by allowing third parties to lend a holder’s cryptocurrency to investors or by using the holder’s coin on the blockchain. According to Staking Rewards, around $30 billion in LUNA has been staked directly on several protocols, accounting for the majority of the token’s $34 billion market valuation—likewise for Solana.
Solana Course
The price of SOL rebounded from the $75.36 level on February 24 to hit intraday highs of $106 on March 2 as it faced a strong wave of buying power in the rebounding market.
At the time of publication, Solana was showing 7% growth in the last 24 hours at a present price of $102.49. Solana rose as the crypto industry faced a sudden recovery with a total capitalization exceeding $2 trillion once again.
Solana showed less impressive but still significant growth in the market. The Ethereum killer was able to pull back above the $100 threshold and hit the barrier at $105.
At its present price, Solana has lost almost 60% of its value from the current ATH of $261. On the positive side, SOL’s downtrend has slowed down significantly as it now trades in a sideways consolidation since the end of January. The Ethereum killer, Solana (SOL), also made its debut on the Gemini Exchange.
