Cryptocurrency Q&A
How much Mina is staked?
How much Mina is staked?
Tommaso
Mon May 27 2024
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6 answers
1300
Could you please clarify for me the amount of Mina that has been staked? I'm interested in understanding the current staking situation within the Mina ecosystem. Could you provide an updated figure or any relevant details regarding the staking activity? I'm also curious to know if there has been any significant change in the staking volume recently, and what might be the reasons behind such changes. Additionally, could you discuss the potential impact of staking on the overall Mina network and its future development? Thank you for your assistance in answering these questions.
6 answers
TaekwondoMasterStrength
Wed May 29 2024
Thirty days prior, Mina boasted a reward rate standing at an impressive 13.43%. This figure represented a significant incentive for investors to participate in the staking process.
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isabella_doe_socialworker
Wed May 29 2024
Today, however, the staking ratio has experienced a noteworthy surge, climbing to 66.52%. This percentage indicates the proportion of eligible tokens that are currently being staked, reflecting a growing interest in the Mina protocol.
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HanjiArtistryCraftsmanship
Wed May 29 2024
The staking ratio of 66.52% translates into a substantial amount of Mina tokens being locked up in staking contracts. Specifically, 736.4 million Mina tokens are currently staked, representing a significant portion of the total supply.
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IncheonBeautyBloomingRadianceGlow
Tue May 28 2024
This high staking volume has translated into a staking market cap of $574.3 million for Mina. This figure represents the total value of the staked tokens, based on their current market prices.
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DigitalLegend
Tue May 28 2024
In comparison, the total asset market cap of Mina stands at $863.3 million. While this figure includes the value of all Mina tokens, both staked and unstaked, it provides a broader perspective on the overall size and valuation of the Mina ecosystem.
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