Since the revamped EOS staking program was launched on July 8, 2024, more than 36 million EOS tokens have been staked, according to a tweet from Tristan Dickinson, the Chief Marketing Officer at EOS Network Foundation.The graph shared alongside the announcement illustrates a notable increase in the amount of staked <a href="https://eosnetwork.com/" rel="noopener noreferrer nofollow">EOS</a>. For much of the year, the volume of staked EOS remained relatively stable, hovering around 60 million EOS. However, following the introduction of the new staking program, the staked amount has surged dramatically.The revamped staking program offers an annual percentage yield (APY) of 50%, likely contributing to the increased staking activity. This significant APY incentive aims to attract more participants to the network, enhancing its security and overall engagement.<h2 id="header-0">Community Response and Future Prospects</h2>The EOS community has responded positively to the new staking program, with many tokens being staked quickly. The initiative is expected to stabilize further and potentially increase the value of the EOS token by reducing its circulating supply and encouraging long-term investment. The graph from DefiLlama showcases the dramatic rise in staked EOS, starting in early July and reaching its peak within days of the program&#39;s launch. This visual representation underscores the immediate impact of the staking program on the EOS ecosystem.The revamped EOS staking program has attracted significant community participation, with over 36 million <a href="https://blockchainreporter.net/end-of-an-era-tether-stops-usdt-issuance-on-eos-and-algorand-what-you-need-to-know/" rel="noopener noreferrer nofollow">EOS </a>staked since its launch. The high APY reward is a key driver in this growth, reflecting a strong and engaged EOS user base. This development bodes well for the EOS token&#39;s future stability and value appreciation.

EOS Staking Program Sees Surge in Activity

Table of Contents

BlockchainReporter

Other articles published on Jul 14, 2024

MoonBag’s $0.25 Forecast: Experts Crown It as the Best Crypto Presale! Overshadowing Fantom and S...

BlastUP's 30,000,000 $BLASTUP Airdrop: Don't Miss Out Before the July TGE

Cardano Completes Chang Hard Fork : Galaxy P2E is Taking Off

Shiba Inu ETF Ignites Rumors and Triggers 4,000% Burn Rate, But This Other Token Will Burn Faster

XRP Saw 2.5 Million Surge, Price Skyrockets to $0.52

Politician Pepe (POLPEPE) Solana Memecoin Investor Generates Over 400% Return And Waits For 18,000%

Join our free newsletter for daily crypto updates!