Solana Soars With Passive Investors

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Solana Soars With Passive Investors

B
Benzinga

828 Views • Nov 23, 2021

Description

Solana is now the most staked asset in the world. The total value of SOL tokens eclipsed $84 billion on November 23rd, making it the best passive earner in the industry. Currently, Solana offers staking rewards that equal 6.79%, and industry data suggests that the majority of Solana owners are staking their tokens, a total of just over 77% of investors. While the token rose to an all-time high of $260 earlier this month, that seems to be just the tip of the iceberg. Experts and analysts believe that Solana could reach $5000 by 2030. Solana is trading at $213.71 in early trading. Elsewhere, Cardano reached the number 2 spot in the staking market, with a total staked value of $42 billion. Ethereum was next with a staked value of $34 billion. However, Avalanche and Polkadot offer the best returns, with yields of 9.38% and 13.99% respectively.