Staking Insider #38: $100b TVL in Bitcoin staking by 2025?

🤑 $100B TVL in Bitcoin staking by 2025? Realistic or crazy?

Back in 2021, there were many that didn’t believe Ethereum would upgrade to a proof-of-stake chain. Some of the naysayers even called the idea “crazy”.

Fast forward to today and there are 1,074,886 validators staking 34.4 million ETH on the network (put that in your pipe and smoke it, naysayers!). It’s no secret that the uptake in ETH staking is not slowing down either. Over the past 30 days alone, there has been a net increase of 637k ETH staked, worth around $2b at the current market rate.

ETH staking aside, a new Staking asset has stepped into the area and it just so happens to be the apex property of the human race (according to Michael Saylor anyway). 

Albeit relatively new, Bitcoin staking has already made quite the mark. 1000 BTC was staked during cap 1 of Babylon’s Phase-1 mainnet. With the caps set to be raised for round two of BTC staking in October. While this is all very exciting, it's worth taking a step back to ask ourselves, why do we even need Bitcoin staking? Also, where could this all lead to?

Mirko, CEO & Co-Founder of Staking Rewards, spelled out a bold thought experiment for the future of BTC staking at the Bitcoin Staking Forum, which took place during Token 2049.

Watch the keynote in full now
 

🐋 Psst… are you a BTC Whale?

Looking to stake your BTC but unsure where to start? We're inviting significant token holders to join the Staking Rewards Syndicate and chat to us about a tailored opportunity.

Apply here

📰 Weekly Briefing

Here’s this week’s top news from the world of staking.

• Commit-Boost eye up the launch of their solution to give validators more autonomy over block construction
• Ethereum developers confirm plan to split 'Pectra' upgrade in two
• Initia raises $14 million Series A at $350 million token valuation
• Citrea, a rollup to expand Bitcoin’s utility, launches testnet
• Celestia foundation raises $100M led by Bain Capital Crypto

🤝 Starknet x Staking Rewards

We're thrilled to announce a partnership with Starknet, the first L2 scaling solution with a fully decentralized sequencer set.

$STRK staking will be available from day 0 via our official staking interface. More exciting announcements to come, watch this space… 👀

If you are a large STRK holder, or validator looking to join the set feel free to reach out to us to get you connected.

⚙️ Solana LST Season

A slew of Solana LSTs have just been added to Staking Rewards for you to peruse.

The six new integrations include Jito Staked SOL (jitoSOL), BlaseStaked SOL (bSOL), SolanaHub Staked SOL (hubSOL), Helius Staked SOL (hSOL), Bybit Staked SOL (bbSOL), Binance Staked SOL (bnSOL).

From this week forward, you can track key metrics over time for each such as the Reward Rate, Exchange Ratio and Peg Accuracy.

View all LSTs on Solana

🤖 New Integration: $WAVES

We're proud to support staking on Waves Network via their native asset $WAVES.

Instead of giving you some spiel on what Waves Network is (you can read about that here), we thought it better to give you a snapshot of some staking data on the network.

Waves Network has seen strong staking inflows over the past 30 days, with a net increase of 272k WAVES staked, worth $332k at the current market rate.

The network has 80+ active validators, with a total of 48,973 investors staking their WAVES to contribute to network security. In total, 21m WAVES is staked to the network, which translates as $25.17m worth of economic security.

Other key staking metrics include:

• Reward Rate: 4.53%
• Staking Ratio: 17.82%
• Inflation Rate: 2.21%

Analyze staking on Waves Network in greater detail via their newly integrated asset page.

Explore Staking on Waves