Cardano Founder Reacts As Number of ADA Staking Wallets Surpasses Ethereum.
Cardano beats Ethereum in the number of unique staking wallets.
Charles Hoskinson, the founder of Cardano, has heaped praises on the leading blockchain following its massive surge in the number of addresses participating in staking.
In a tweet shared by Hoskinson today, the number of unique staking wallets on the Cardano Network surpasses Ethereum’s by a large margin. According to data shared by Hoskinson, the number of unique addresses staking on Cardano now sits at 1,234,810 (1.23M). where the number of unique staking participants’ wallets on the Ethereum blockchain is 88,400.
Following the tremendous surge in the number of staking wallets on Cardano, it is evident that investors’ confidence in ADA staking is relatively high.
Cardano Beats Ethereum in Staking Ratio
However, Ethereum still leads as the largest proof-of-stake blockchain by capitalization, with a staking market cap of over $34.53 billion. In contrast, according to data from the Staking Rewards portal, Cardano is ranked second with a staking market valuation of $9.65 billion. ETH estimated rewards per year are 4.88%, whereas Cardano’s per year rewards are 3.24%.
Cardano Retail Investors
Meanwhile, ADA retail investors have been relatively active in recent times. According to IntoTheBlock data from Cardano-focused news outlet Cardano Feed, retail investors now hold 22.63 billion ADA, representing 66.73% of the cryptocurrency’s supply.
For context, ADA has a total supply of 45B tokens and a circulating supply of 35.04B. ADA is ranked as the seventh-largest cryptocurrency, with a market cap of over $13.91 billion. At press time, ADA is trading at around $0.39, up 4% in the past 24 hours.