Cardano staking is picking up steam
According to a report by Staking Rewards, 400 million Cardano tokens have been staked since early December. The total number of staked ADA tokens has now grown to 25.5 billion. Despite this increase in staked tokens, the staking market cap remains 9% lower than it was at the start of October 2022.
The staking market cap growth rate has outperformed Cardano's market cap growth since the end of December 2022, which signals a positive outlook in ADA holder confidence. The number of staking wallets has declined by 8%, but the average staked tokens per wallet increased by 20% from 19,800 ADA to 23,900 ADA.
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