Staking Insider #10

GM fellow staker,

Wrap up your weekend with some juicy staking insights, including a new metric that lets you compare the 7 Day Net Staking Flow for validators on any individual POS network…

🧵 In this Week’s Edition:

• 💪 ETH Stakers Remain Resolute

• 🔎 Inflation Rates of Top 10 POS Assets

• 📰 Weekly Briefing

• 👀 Net Staking Flow 7d of Network Validators

• 🤓 New Staking Summit Ticket Batch

Read time: 3 minutes

💪 ETH Stakers Remain Resolute

Staking on Ethereum isn’t showing signs of slowing down, despite the current market downturn.

$187M worth of ETH has been staked over the past 24 hours, contributing to a total of $3.35B ETH staked over the past 30 days. These numbers show high conviction in the network.

A byproduct of the continued growth in Ethereum staking, has been a decrease in the annualized average Reward Rate. Over the past 90 days the Reward Rate has almost halved, from being 8.05% on 21 May, down to 4.46% at present.

Ethereum briefly entered deflationary territory again last week, reaching a -0.02% deflation rate for the first time in almost two months.

Negative inflation (Deflation) happens when the Ethereum network is burning more ETH from transaction fees than is being rewarded to stakers through inflation alone.

The point at which Ethereum will become deflationary again, and for how long, remains to be seen. It will be interesting to see how the increase in staked ETH effects transactional volumes (and ETH inflation rate) over time.

If you want to track assets across longer time frames, sign up to our API Waitlist.

Spot trends and make smarter staking decisions effortlessly with the the Historical Data Charts, now live on all Staking Asset profiles on our website.

🔎 Inflation Rates of Top 10 POS Assets

The chart below shows the Inflation Rates of the top 10 POS Assets by Staking Market Cap.

Currently the only two deflationary assets are BNB (-6.17%) and TRX (-5.57%).

A full breakdown of Inflation Rate totals are shown below:

BNB (-6.17%), TRX (-5.57%), ETH (+0.02%), MATIC (+2.73%), ADA (+2.65%), AVAX (+6.18%), DOT (+7.31%), SOL (+7.34%), APT (+27.61%), SUI (+55.17%)

📰 Weekly Briefing

Here’s this week’s top news from the world of staking and crypto…

• Ethereum developers to debut new testnet 'Holesky' next month

• Diva Launch Testnet for first Ethereum Liquid Staking solution powered by Distributed Validators (DVT).

• Sei Mainnet is Live After Testnet Sees More Than 7.5M Wallets Created

• Binance Labs Invests $10M to Accelerate Helio Protocol's Liquid Staking Pivot

• Lido Finance partners with Nil Foundation to build a 'zkOracle'

👀 Net Staking Flow of Network Validators

The Staking Asset Explorer on our new Beta website is a wealth of data!

A new feature that was recently added allows you sort validators on any individual POS network by their Net Change in Staked Tokens over the past 7 days. Take a look for yourself, simply select your Asset of choice, scroll down to the “Explore & Discover Providers” section, then sort by “Net Staking Flow 7d".

The Net Staking Flow 7d metric indicates the net change in staked tokens over the past 7 days for a specific validator, converted into USD using the current asset price.

It's calculated by subtracting the number of unstaked tokens from the number of staked tokens.

A positive value signifies an increase in staked tokens, suggesting growing interest in the reward option. Conversely, a negative value might indicate a decrease in confidence or interest. Since this metric is expressed in USD, it allows for easy comparison between different assets.

Below you can see the top 5 staking providers by Net Staking Flow 7d on NEAR.

📦 New Staking Summit Ticket Drop

November is coming around fast… Tickets for this year’s Staking Summit have been flying out the door like hot cakes. We’ve just served up a fresh batch, if you’ve been waiting, now is your chance.

For those that can’t make the event, we are hosting The LSTfi Summit as an online event on September 5th. Keep your eyes peeled for more news on that, including guest speaker announcements, next week!

👀 Last But Certainly Not Least

We’re gearing up for something special towards the end of the month. Until then…

🚨 Sign up to the API waitlist to get early access
⛰️ Register for the LSTfi summit, taking place on 5 Sep

🎬 That’s a Wrap!

Thank you for taking the time to read the Staking Insider newsletter. Let us know what you thought of this week’s edition…

Disclaimer: None of this is financial advice. The Staking Insider newsletter is strictly for educational purposes and is not investment advice. Please be careful and always do your own research.