Cardano, the blockchain project created by Charles Hoskinson is proving its worth in the industry by showing that it can beat Ethereum in terms of staking. Ethereum is the largest proof-of-stake blockchain by capitalization, but Cardano has certain unique features that have led Hoskinson to make this comparison. Specifically Hoskinson notes that the variety of unique addresses involved in the staking process on Cardano is far greater than Ethereum which is evidence of the impressive breadth of the project. According to Hoskinson, the number of unique staking participant wallets on Cardano is over 1.2 million, whereas the number for Ethereum is 88,400.

Using data from a Staking Rewards portal, we can see that Cardano's staking participation is far greater than Ethereum's. Cardano's staking ratio is 68.11%, compared to 15.6% for Ethereum. This means that the amount of ADA delegated to staking is nearly 4.4 times as much as ETH. Although Ethereum has a higher market staking capitalization due to price differences between the two tokens, this simply doesn't compare when looking to the ratio of token staking.

Additionally, Ethereum has a higher staking reward currently at 4.92% compared to 3.24% for Cardano. The adjusted reward metric, which considers the annual reward rate adjusted for network supply inflation, makes the gap slightly larger at 5.13% for Ethereum and 0.17% for Cardano.

Overall, it becomes clear how Cardano has surpassed Ethereum in the staking sphere. With over 1.2 million unique wallets participating in the staking process, and a 68.11% ratio for ADA staking, Cardano clearly proves itself to be a robust and rewarding platform for staking rewards. Which is quite the accomplishment given how large Ethereum is in the blockchain and cryptocurrency space.



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