Cardano ranks 3rd largest blockchain in native asset staking
recently Tweets, Cardano community-focused Twitter account Cardano Daily shares data on local asset staking for the top PoS blockchain. In this regard, Cardano ranks the third largest blockchain on native asset stake, far ahead of Binance Chain, Avalanche and Polkadot.
Cardano Daily further stated: “One more fact is that, with regards to the blockchains in this list, there are only 3 of them that have been able to survive through the 2018 bear market, and Cardano is one of them.”
According to data from crypto staking data provider Staking Rewards, the total stake value of Cardano is more than $11.37 billion compared to the BNB chain, which was valued at over $5.18 billion. Ethereum topped the list with $19.75 billion, while Solana and Avalanche came second and fifth respectively.
TVL and staked value
Users often compare total value locked (TVL), which refers to the overall value of crypto assets placed in a decentralized finance (DeFi) system — or DeFi protocols in general — with staked value. The parameters for staked value and TVL are “completely different,” according to Staking Rewards, as the latter might also include assets that are locked in decentralized finance protocols for functions like lending.
At the time of publication, Cardano’s TVL was experiencing a slight increase of 0.92% over the past 24 hours to $80.85 million.
As reported by U.Today, Cardano creator Charles Hoskinson claims that Cardano’s total value locked (TVL) is small since staked coins are not included. Users are not required to lock ADA tokens in order to stake them.
If they are included, the TVL of the blockchain would be in the range of billions. This would place it amongst one of the largest DeFi platforms.
However, popular decentralized finance TVL aggregator DefiLlama stated that it does not count native staking at all. If native asset staking were to be included, maybe Cardano’s TVL would be around the $11 billion range at present.