In terms of the total value of the pledge, Cardano has surpassed Polkadot to become the largest PoS network.
In the past week, Cardano has experienced a staking boom, which may be the result of an 80% increase in its price.
For a long time, Polkadot was the largest decentralized PoS network. However, this has changed in the past week.
Staking Rewards tweeted that Cardano (ADA) has officially become the world’s largest staking network. Cardano founder Charles Hoskinson retweeted the tweet and stated that Cardano is not only the largest, but also the most secure PoS network.
According to the latest data from Staking Rewards, Cardano (ADA) worth more than US$6.98 billion is pledged, and the total pledge amount accounts for 69.53% of the total circulation. Polkadot (DOT) ranked second with more than 6.02 billion US dollars (total pledge amount accounted for 60.87%), followed by Ethereum 2.0 (ETH), Synthetix (SNX) and EOS.
In the past week, Cardano has witnessed a significant increase in the participation of the staking community.
According to a tweet posted by community member Pieter Nierop on January 8, more than 25.7 million ADAs were pledged every day in the past seven days. According to members of the community, in the past week, Cardano had an average of more than 1500 new delegates (Delegator) every day, and on January 8 alone, 1895 new wallets were created.
Cardano (ADA) price increases 80% in a week
The substantial increase in interest in Cardano (ADA) is also reflected in Google search data. The search term “Cardano” reached its highest level in a year, almost twice its July 2020 high. On the other hand, ADA has also become one of the biggest winners in the past seven days.
Since last Sunday, the price of Cardano (ADA) has risen by nearly 80%, and only Stellar Lumens (XLM) has achieved a higher increase in the same period, reaching 142%.
