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Solana Ranks Largest Blockchain in Staking Value, Terra (LUNA) and Ethereum Follow Behind

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Tomiwabold Olajide

Solana is presently largest blockchain in terms of staking value, followed by Terra (LUNA) and Ethereum

Data from Staking Rewards shows that Solana is presently the largest staked asset among all major cryptocurrencies in terms of total value staked, according to data. Solana clinches the top spot among the largest-staked cryptocurrency with $39.3 billion worth of SOL staked directly on several platforms, while Terra ranks second at $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…

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