Market Cap of Top PoS Assets Falls 7% QoQ!

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The market capitalization of the top assets using proof-of-stake (PoS) technology has dropped 7% quarter-over-quarter to $254 billion, according to a report by Staked. Meanwhile, the value of staked assets rose 3% to $74 billion. However, the annualized staking rewards fell 7% to $4.1bn, and the average PoS staking yield was 10.2%, a 4% drop from the previous quarter. Despite the declines, the report said that 10–40% growth in crypto assets on a year-by-year basis indicated the market is climbing out of the trough. PoS now accounts for 22% of the total cryptocurrency market capitalization, down 2% from Q2.