According to a report by Staking Rewards, 400 million Cardano (ADA) tokens have been staked since early December, bringing the total number of staked ADA tokens to 25.5 billion, with about 72% of all ADA tokens currently staked.
Despite the growth in staked tokens, the staking market cap remains 9% lower than at the start of October 2022. This signals a positive outlook in ADA holder confidence.
The report also provides insights into validator activity in the Cardano network, noting that the largest validators on the network make up a very small percentage of the staked balance.
The top 10 validators on Cardano collectively account for only 2.86% of the staked ADA. Additionally, the top 10 providers make up 24.4% of all tokens staked on Cardano across 119 validators.
The report also highlights the consistent growth of staked tokens in the Cardano network, which signals a positive outlook in investor confidence.
The report provides valuable insights into validator activity, including the distribution of validators and the top providers in the network. This report further confirms the potential of Cardano and the increasing trust its holders have in the network.
Read more:
- With This Release, Cardano (ADA) Could Become 10 Times More Resource-Efficient
- Check Out What Could Make XRP Or ADA Go Back To $1 And Which One Could Be First To Reach That Value