The market cap of the crypto staking industry hinges at the $95.5B mark, up by 13.8% over the last week.
Currently, investors have staked over $2B worth of Ethereum (ETH) assets, with the token’s staking inflow amounting to $336M during the last week. Data from Coinbase revealed that Ethereum’s staking rewards have increased from 4.5% to 5.8% APR following the Merge.
Crypto analysis firm Messari claimed that although the rewards are lower than expected, Ethereum’s inflation is nearly at 0% after the Merge, noting
"Staking returns have not been as significant as expected because of lower-than-expected MEV and tips in this bear market. The increase in real returns from 0% to 6% is much more tangible, as ETH inflation has fallen to near zero from 4%."
Polygon (MATIC) recorded the second-highest staking inflow of $20M while Stacks (STX) emerged as the biggest gainer due to a 7.1% change in staking volume. Similarly, the weekly staking inflow of Cosmos (ATOM) and PancakeSwap (CAKE) hinged near the $10M mark.
Meanwhile, the crypto market has hit a market capitalization of $1.03T. This implies that the crypto staking industry comprises almost 10% of the overall crypto market cap.
