
<p>GM fellow staker,</p>



<p>This week’s Staking Insider is jam packed with a spread of tasty staking data. Let’s dive in…</p>



<h2 class="wp-block-heading">🧵<strong> In this week’s edition:</strong></h2>



<ul>
<li>🥳 $100B Global Staking Market Cap</li>



<li>📰 Weekly Briefing</li>



<li>☁️ srETH Alpha Incoming</li>



<li>🤓 Staking Metric of the Week</li>



<li>📈 Inflation Rate Top 10 Staking Assets chart</li>



<li>👀 Something New on the Horizon</li>
</ul>



<p><em>Read time: 3 minutes</em></p>



<h2 class="wp-block-heading">🥳<strong> $100B Global Staking Market Cap</strong></h2>



<p>Celebrations are in order!</p>



<p>The Global Staking Market Cap has crossed <a target="_blank" rel="noreferrer noopener" href="https://beta.stakingrewards.com/">$100 Billion</a> for the very first time (currently at $103.58B). To put that into perspective, the Global Staking Market Cap is now the same as the <strong>GDP of both Croatia and Slovenia combined</strong>!</p>



<p>Below, you can see the percentage split of the top 10 POS networks, within the $103.58 Global Staking Market.</p>



<p><a href="https://beta.stakingrewards.com/">View the Global Staking Market Cap</a></p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1292" height="727" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/The_Global_Staking_Market_Cap_2_d72aaff03a.png" alt="" class="wp-image-13092" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/The_Global_Staking_Market_Cap_2_d72aaff03a.png 1292w, https://tidy-ball-c49dc59f59.media.strapiapp.com/The_Global_Staking_Market_Cap_2_360x203_91347c3a8e.png 360w, https://tidy-ball-c49dc59f59.media.strapiapp.com/The_Global_Staking_Market_Cap_2_80x45_f17462a5b0.png 80w, https://tidy-ball-c49dc59f59.media.strapiapp.com/The_Global_Staking_Market_Cap_2_768x432_59eb979f82.png 768w" sizes="(max-width: 1292px) 100vw, 1292px" /></figure>



<h2 class="wp-block-heading">📰<strong> Weekly Briefing</strong></h2>



<p>More top news this week from the world of crypto &amp; staking…</p>



<ul>
<li>Ethena Announces <a target="_blank" rel="noreferrer noopener" href="https://twitter.com/ethena_labs/status/1681592637537816578">$6.5M Seed Round</a> Led by Dragonfly</li>



<li>Pendle Launches Tool for Simple Investments into <a target="_blank" rel="noreferrer noopener" href="https://twitter.com/pendle_fi/status/1681287902515585030">DeFi Fixed-Rates and Yields</a></li>



<li>Alluvial Drives Global Adoption of Liquid Staking with <a target="_blank" rel="noreferrer noopener" href="https://alluvial.finance/series-a/">$12M Series A Raise</a></li>



<li>Celo Proposes to <a target="_blank" rel="noreferrer noopener" href="https://www.coindesk.com/tech/2023/07/17/celo-proposes-to-ditch-own-standalone-blockchain-for-layer-2-network-on-ethereum/">Ditch Own Standalone Blockchain</a> for Layer-2 Network on Ethereum</li>



<li>Gnosis Visa Debit Card <a target="_blank" rel="noreferrer noopener" href="https://blockworks.co/news/gnosis-visa-debit-card-debut">Debuts in Europe</a>, Letting Users Buy with Euro Stablecoin</li>
</ul>



<h2 class="wp-block-heading">☁️<strong> srETH Alpha Incoming</strong></h2>



<p>Staking Rewards’ first on-chain product, <a target="_blank" rel="noreferrer noopener" href="https://beta.stakingrewards.com/sreth">srETH</a>, is closing in on launch. To celebrate, we’ll be hosting a Twitter Space with our partners Spool and guest Miles Deutscher on 25 July at 15:00 (GMT+1).</p>



<p><a href="https://twitter.com/i/spaces/1LyxBqqNlyjJN">Set a reminder to join us and learn more about srETH.</a></p>



<p>srETH mitigates the impact of reward market volatility, giving you a more robust way to stake your ETH over the long-term.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1800" height="1013" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/sr_ETH_graph_final_1_1800x1013_4dbec7a443.gif" alt="" class="wp-image-13093" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/sr_ETH_graph_final_1_1800x1013_4dbec7a443.gif 1800w, https://tidy-ball-c49dc59f59.media.strapiapp.com/sr_ETH_graph_final_1_360x203_dfb2a2cce6.gif 360w, https://tidy-ball-c49dc59f59.media.strapiapp.com/sr_ETH_graph_final_1_80x45_9e6a89e640.gif 80w, https://tidy-ball-c49dc59f59.media.strapiapp.com/sr_ETH_graph_final_1_768x432_ca0229f1cf.gif 768w, https://tidy-ball-c49dc59f59.media.strapiapp.com/sr_ETH_graph_final_1_1536x864_1aa54879d0.gif 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /></figure>



<h2 class="wp-block-heading">🤓<strong> Staking Metric of the week</strong></h2>



<p>The <a target="_blank" rel="noreferrer noopener" href="https://beta.stakingrewards.com/assets/proof-of-stake">Staking Asset Explorer</a> is a treasure trove of data!</p>



<p>This week we’re looking at the <a target="_blank" rel="noreferrer noopener" href="https://beta.stakingrewards.com/assets/proof-of-stake?sort=staked_tokens_trend_24h&amp;timeframe=7d&amp;order=desc&amp;search=">Staked Token Trend 24h</a>, a brand new metric you can use straight away on our Staking Asset Explorer.</p>



<p>The Staking Token Trend 24h shows the % of staked tokens on the network over the last 24 hours, compared to the average staked tokens over the last 30 days.</p>



<p>A positive trend may indicate growing interest and confidence in the network, while a negative trend may suggest declining interest or potential risks or uncertainties for the network.</p>



<p>Below you can see the Staking Token Trend 24h of <a href="https://beta.stakingrewards.com/asset/binance-smart-chain" target="_blank" rel="noreferrer noopener">BNB Chain</a>, <a href="https://beta.stakingrewards.com/asset/peercoin" target="_blank" rel="noreferrer noopener">PeerCoin</a>, <a href="https://beta.stakingrewards.com/asset/flow" target="_blank" rel="noreferrer noopener">Flow</a> and <a href="https://beta.stakingrewards.com/asset/solana" target="_blank" rel="noreferrer noopener">Solana</a> in a side-by-side format.</p>



<p><a href="https://beta.stakingrewards.com/assets/proof-of-stake?sort=staked_tokens_trend_24h&amp;timeframe=7d&amp;order=desc&amp;search=">View the Staked token Trend 24h of POS Assets</a></p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="894" height="592" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Staked_token_trend_top4_3c4ddbfa94.png" alt="" class="wp-image-13094" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/Staked_token_trend_top4_3c4ddbfa94.png 894w, https://tidy-ball-c49dc59f59.media.strapiapp.com/Staked_token_trend_top4_360x238_8163374f6a.png 360w, https://tidy-ball-c49dc59f59.media.strapiapp.com/Staked_token_trend_top4_80x53_eb3e3cd751.png 80w, https://tidy-ball-c49dc59f59.media.strapiapp.com/Staked_token_trend_top4_768x509_1be6ebc571.png 768w" sizes="(max-width: 894px) 100vw, 894px" /></figure>



<h2 class="wp-block-heading">📈<strong> Inflation Rate Top 10 Staking Assets chart</strong></h2>



<p>For this week’s chart of the week, we’re taking a look at the current inflation rate of the top 10 POS assets.<br><br>The <a href="https://beta.stakingrewards.com/assets/proof-of-stake?sort=inflation_rate&amp;timeframe=7d&amp;order=desc&amp;search=" target="_blank" rel="noreferrer noopener">inflation rate</a> shows the annualized monetary expansion of an asset, based on its current token reward payout, reward accrual interval, and total supply change.</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1292" height="727" src="https://tidy-ball-c49dc59f59.media.strapiapp.com/Inflation_Rates_of_Top_10_Assets_5_cb31b51c9c.png" alt="" class="wp-image-13095" srcset="https://tidy-ball-c49dc59f59.media.strapiapp.com/Inflation_Rates_of_Top_10_Assets_5_cb31b51c9c.png 1292w, https://tidy-ball-c49dc59f59.media.strapiapp.com/Inflation_Rates_of_Top_10_Assets_5_360x203_7477e156c4.png 360w, https://tidy-ball-c49dc59f59.media.strapiapp.com/Inflation_Rates_of_Top_10_Assets_5_80x45_0ff9fbf9f3.png 80w, https://tidy-ball-c49dc59f59.media.strapiapp.com/Inflation_Rates_of_Top_10_Assets_5_768x432_611c57a4e6.png 768w" sizes="(max-width: 1292px) 100vw, 1292px" /></figure>



<h2 class="wp-block-heading">🤫<strong> Early Bird Tickets to the Staking Summit Sold Out</strong></h2>



<p>You may have already heard, but Early Bird tickets to the Staking Summit this November in Türkiye are now sold out.</p>



<p>Join the waitlist, and be the first to know when the next batch of tickets become available. Psst.. If you run a validator, you can apply for discounted tickets <a target="_blank" rel="noreferrer noopener" href="https://airtable.com/appew1WtQMLLyrcTw/shrI9775UtkGXhexK">here</a>. <a target="_blank" rel="noreferrer noopener" href="https://t.co/E7ibnlOQem">http:/</a></p>



<p><a href="https://www.tickettailor.com/events/stakingrewards1/863523">Join the waitlist</a></p>



<h2 class="wp-block-heading">📡<strong> To Keep on Your Radar</strong></h2>



<p>⚙️ <a target="_blank" rel="noreferrer noopener" href="https://stakingrewards.typeform.com/apply-api?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=staking-insider-2&amp;typeform-source=9z0y58m1fqu.typeform.com">Sign up for access to our Staking Data API when it goes live</a></p>


Staking Insider #6 – $100B Global Staking Market Cap