Saturday, April 17, 2021

This Data Shows That Cardano (ADA) Is Now the Biggest Staking Network in the World

A recently revealed data, which was corroborated by the CEO of IOHK Charles Hoskinson, shows that the third-generation blockchain platform, Cardano (ADA) is now the biggest Staking Network in the world.

This data was provided via the official Twitter handle of Staking Rewards. According to the report, the Cardano staking network is now ahead of Polkadot (DOT), Ethereum 2.0, Synthetix Network, and a number of other staking networks.

Read Also: Charles Hoskinson: $44B worth of Miners About To Get Fired By Ethereum Are Welcome To Mint ETC

Captioning previous data, Staking Rewards tweeted, “Cardano ADA is now officially the biggest Staking Network in the world!”

According to current data, it’s worthy of note that Cardano (ADA) now tops others with the staked value of $7,202,030,791. This value may increase or decrease depending on the time it’s checked individually. But as of the time of filing this report, the Cardano Staking network is considerably leading other platforms in this category.

Charles Hoskinson Says Cardano (ADA) Is Also the Most Secure

In response, the CEO of IOHK Charles Hoskinson, who is also the creator of Cardano (ADA) corroborated the report with an additional attribute.

According to Hoskinson, Cardano is also ahead of other staking networks in terms of security.

Hoskinson tweeted, “Also the most secure.”

Read Also: Cardano’s Charles Hoskinson Hints at Plan to Build Open Protocols That Can Challenge Apple

Over 100 Million New ADA Delegated in a Single Day

According to the data from Cardano data aggregator AdaPools, the active stake or the total amount of ADA delegated at the end of the last epoch currently stands around 21.47 billion ADA. Also, the live stake that represents the real amount of ADA currently delegated to stake pools, stands at 21,760,185,047.19 ADA.

On 5th January, Pieter Nierop took to Twitter to hint at the milestone attained by Cardano (ADA).

He wrote, “No way, we just hit 100 Million new stake ADA on a single day ! This is insane. Guy stake and don’t sell !!!!?

Read Also: Charles Hoskinson Forgets Rivalry, Congratulates Ethereum’s Vitalik Buterin for a Job Well Done

According to Nierop, an average of 25.7 million new ADA has been staked per day in the past seven days. Additionally, there has been an average of 1,500 new delegators added to the network on a daily basis in the past seven days, while 1,895 new wallets were created on 8th January alone.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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