Staking seems to go big in 2022. With ETH (Ethereum) intending to make an inevitable move to a PoS (proof-of-stake) consensus mechanism in 2022. This is supposed to bring staking to thousands of users who never really tried it before. Along with this growth in Ethereum staking is most likely to encourage similar growth somewhere else as well.
But as some of the industry figures who talked with Cryptonews.com. Added that in the coming months’ general expansion is not the only trend to look forward to when it comes to staking. We are also expected to see rising institutional interest in staking, also growth in liquid staking, NFT platforms, and staking through layer-2 protocols and GameFi.
While some staking services offered triple-digit rates of return, it might not be feasible in the long run. They are more likely to stay competitive for the inevitable future, helping to prompt the continued growth of staking.
There is this small doubt though regarding if staking had a good 2021. As per Staked.us, the data provider, 7.7% of total coins in the cryptocurrency market were staked in the 4th quarter of the year.
Quarter 4 report of 2021 reported that the PoS (proof-of-stake) crypto assets marked 31% of the overall capitalization of the market, climbing 127% in comparison with the previous year. It was also reported that staking rewards reach equally $15 billion in 2021, going up by 939% over the previous year.