The staking landscape in the crypto industry is evolving as staking and restaking are now available on the Bitcoin blockchain. A report by P2P.org highlighted some trends in staking over the past month. Despite market uncertainty and lower rewards, the Ethereum network has seen steady growth in the number of validators and staked amounts of ether (ETH). However, the growth has slowed compared to earlier in the year due to market conditions. Despite this, the Ethereum staking ecosystem has seen exciting developments, including the adoption of ERC-20 tokens as collateral assets and airdrops for the community. Bitcoin also entered the staking space with the Babylon protocol, which reached its deposit cap in just four hours. This has sparked competition among Bitcoin layer-2 networks, with Core launching BTC liquid staking and Lombard offering restaking of Liquid Bitcoin on an ETH staking protocol.



Other News from Today