These are the latest trends in the Crypto Staking Landscape.

Ethereum (Eth) Outperformed Bitcoin (Btc) In This Key Metric



The crypto staking landscape is constantly evolving, with new and exciting changes coming to light every now and then. A feature that was once primarily attributed to networks with proof-of-consensus mechanisms like Ethereum, developers have now brought staking and rescaling to the Bitcoin blockchain.

A report from non-custodial staking service provider P2P.org outlines some of the major savings trends that have emerged in the market over the past month.

Trends in Ethereum Staking

Despite the current crypto market's uncertainty, volatility and low rewards, the Ethereum network has seen stable verifiable growth. P2P.org has seen a 1.49% growth in the number of validators and stored Ether (ETH) on the blockchain.

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“While this growth is consistent with previous months, price volatility and reduced underwriting awards have clearly slowed the pace compared to the start of the year. But hey, steady progress is still progress!” The stock carrier explained.

P2P.org evolution growth is expected due to the state of the crypto market, the total market capitalization of which decreased from $2.3 trillion to $2.03 trillion in 14 days. The company explained that the dip is accompanied by the upcoming US election and the risk of possible losses.

Regardless, the Ethereum staking ecosystem has recently recorded some interesting events, such as the adoption of ERC-20 tokens such as Ethena Synthetic Dollar, USDe, as staking assets based on Symbiotics' staking protocol. Ethereum staking protocol EigenLayer has announced new EIGEN airdrops to the community for their support since the platform's inception.

Bitcoin Enters the Staking Landscape

On the other hand, Bitcoin started its critical journey against the Bitcoin staking protocol Babylon at the end of August. P2P.org described Babylon's stock launch as a success as the protocol reached a deposit cap of 1,000 BTC within four hours. The platform has several large reserve tokens (LRTs) attracting more bitcoins for the next staking round.

Babylon's move has sparked competition among Bitcoin Layer-2 networks, which want a piece of the staking pie. Cryptopotato reports that Bitcoin Layer-2 Core launched a liquid BTC inventory earlier this month, allowing holders to freely trade their assets and earn a yield on their coins.

Additionally, Bitcoin liquidity protocol Lombard has unveiled a service that allows Liquid Bitcoin to be re-stored on the ETH staking protocol Ether.fi.

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