This image shows the top 5 staked cryptocurrencies by total staked value. Here are the details:
1. Ethereum (ETH): Leading with $114.04 billion staked, Ethereum is the most staked cryptocurrency. It's widely used for smart contracts and decentralized applications.
2. Solana (SOL): Second with $49.86 billion staked, Solana is known for its high-speed and low-cost transactions, making it a popular choice for decentralized finance (DeFi) and non-fungible tokens (NFTs).
3. Cardano (ADA): With $8.76 billion staked, Cardano focuses on sustainability, scalability, and transparency in blockchain development.
4. Sui (SUI): Sui has $7.35 billion staked, emphasizing high throughput and low latency, aiming to provide a more efficient blockchain infrastructure.
5. Avalanche (AVAX): Lastly, Avalanche has $6.67 billion staked. It offers a highly scalable and interoperable platform, suitable for DeFi, enterprise blockchain solutions, and NFTs.
These cryptocurrencies are staked to earn rewards and support the network's security and operations.
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