JPMorgan report: Eth2 could kick-start $40B staking industry by 2025
CEO Jamie Dimon may not support crypto, but two JPMorgan analysts say proof-of-stake coin yields are attractive investments in this zero-rate environment. The launch of the energy efficient Ethereum 2.0 network will popularize the proof-of-stake consensus mechanism and make staking yields a more attractive source of income for both institutional and retail investors according to a new JPMorgan report.The authors estimate that holders of staked coins on PoS blockchains are currently generating some $9 billion in revenue annually from their staked holdings. When Ethereum completes its....
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The market for staking has accelerated rapidly recently, and a shift to PoS will ensure that the blockchain ecosystem is more resilient. In early July, JPMorgan released a report in which two of the bank’s analysts projected that the staking industry would be worth $40 billion in rewards by 2025. The report anticipates that once the Ethereum 2.0 network completes its transition from proof-of-work (PoW) to proof-of-stake (PoS,) payouts will more than double, up to $20 million from the current $9 million. Within the next four years, it will double again.With the rapid rise of staking over....
Ethereum upgrades could jumpstart a $40 billion staking industry, according to a JP Morgan report. JP Morgan estimates that the staking industry is currently worth $9 billion and that this number could balloon to $40 billion by 2025. The report speculates that the launch of ETH 2.0 would lead to more adoption of the coin […]
Eth2 staking has its downsides — people may not have the means to contribute 32 ETH, or the technical knowhow to run a node. Can these issues be solved? How does this ecosystem work?There are three key roles within the Stkr ecosystem.Providers deliver the computing resources that drive the Eth2 nodes — and they pay insurance that acts as a guarantee against poor hardware performance. These funds will be used to compensate stakers if there is an outage, but providers also stand to gain rewards if their infrastructure runs without a hitch. By building a good reputation, they are prioritized....
The crypto staking service platform is now worth over $500 million and could be looking to expand staff strength and business operations. Mike Novogratz’s investment management firm Galaxy Digital has reportedly participated in a $50 million funding round for Figment, a crypto staking startup.According to Bloomberg on Monday, Galaxy Digital joined investors like Anchorage and Bonfire Ventures in a Series B funding round led by Senator Investment Group and Liberty City Ventures.The company is now reportedly worth about $500 million following the fresh injection of investment capital.....
With Ether continuing to push into new all-time highs above $1,500, Eth2 now ranks as the third-largest crypto asset in terms of staked assets. The price gains enjoyed by Ether as it hits record highs have propelled Eth2 to rank as the third-largest network by staked capitalization. That’s despite the fact that just 2.09% of Ethereum’s supply is locked up in Eth2 at present.Ether pushed into new record price highs above $1,480 on Feb. 2, with ETH currently testing $1,550 after gaining 12% in 24 hours.ETH/USD since December 2021, 4-hr chart: TradingViewWith nearly 2.5 million ETH currently....