The Cardano protocol once again surpassed that of Polkadot in staking investments.
The data was provided by the CryptoDiffer platform and presented in a post on Twitter.
The Solano protocol, which entered CoinMarketCap's TOP 20 recently, is in third place.
The graph shows that users of the Cardano protocol approximate $ 28.95 billion dollars on their platform.
In contrast, the PolkaDot protocol maintains approximately $ 25.43 billion.
The Cardano protocol released staking less than 1 year ago, and already has more than 2,300 active pools on the network.
Proof of participation protocols (PoS) depend on coins deposited in staking.
This is because PoS uses a deterministic algorithm to select nodes based on the number of tokens held.
Thus, the probability of selecting a node is proportional to the number of tokens held.
Therefore, the more tokens blocked in staking, the greater the chances that a network node will write the block and earn the reward.
Therefore, users of a protocol when they keep their tokens staked to the network, they receive the rewards that have made decentralized finance protocols evolve.