Report: Market value of mainstream PoS tokens fell 7% to $254 billion
On October 26th, according to a report from non-custodial staking platform Staked cited , the market value of mainstream Proof of Stake (PoS) assets decreased by 7% to $254 billion compared to the previous quarter. In addition, the value of staked assets increased by 3% to $74 billion, while the annualized staking reward decreased by 7% to $4.1 billion. Overall, PoS accounts for 22% of the total cryptocurrency market value, a decrease of 2% compared to the previous quarter. Although the quarterly data may be disappointing, Staked suggests that this indicates a good sign for the market to come out of the bottom.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Uniswap Labs officially releases version 4
Ethereum Power Struggle: Buterin vs The Community Voice
Unmasking the Tug of Power: Vitalik Buterin's Lone Decision-Making Steering Ethereum Foundation Amidst Pending Leadership Reforms
Analytics Company Put Forwarded New Argument: “Whales May Be Preparing For Entry In This Altcoin”
According to cryptocurrency analytics firm CryptoQuant, whales may be preparing to enter a surprise altcoin.
Swiss Bank Managing $5.7 Trillion Launches Joint Gold Initiative with Surprise Altcoin
According to the latest information, Switzerland's largest bank has entered into a surprise gold joint venture with an altcoin. Here are the details.
Trending news
MoreCrypto prices
More
