The total market capitalization of Proof-of-Stake (PoS) cryptocurrencies grew up to $450 billion (+150% per quarter) according to Staked, a startup focused on providing institutional investors with non-custodial staking services.
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According to the startup's recent report, in every case, staking provided better returns than simply hodling the asset. The company has learned that stakers earned an "additional yield of between roughly 4% and 34%" in one quarter.
Staked says PoS dominance increased to approximately 20% as bitcoin (EXANTE: Bitcoin) dominance fell to a two-year low. However, the startup's analysts admit that average weighted staking yields decreased by 2% due to the decrease ether yields as a result of increased staking.
As iHodl earlier reported, cryptocurrency exchange Coinbase announced the launch of its staking service for Ethereum 2.0. The exchange's users can stake their assets to earn a yield of up to 6% APR.
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