Terra (LUNA) became a platform. proof-of-stake the second largest Based on information provided by Staking Rewards (following only Solana).
The total value of all tokens participating in the staking is over $30.1 billion, with Ethereum 2.0 coming in third with $28.4 billion of staking tokens.
Cardano and Avalanche are ranked 4th and 5th respectively, with their stakes at $22.5 billion and $18.7 billion, while Polkadot and BNB Chain are worth $12 billion and $7.8 billion.
Staking is the process of locking one’s own tokens for rewards. Terra’s current annual yield is approximately 6.98%.
Terra is also more rewarding compared to Solana (5.84%), Ethereum 2.0 (4.81%) and Cardano (5.22%). However, its annual yield is also lower compared to Avalanche (9.19%) and Polkadot (13.84%). )
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