Phoenix, a well-known crypto analytics firm, has recently shared the list of top Cosmos-based projects in terms of the cumulative value of staked coins. The list of Phoenix takes into account several names including $TIA, $SEI, $INJ, $ATOM, $SAGA, $DYM, $CRO, $AXL, $FET, and $ZETA. The analytics firm disclosed the details of the respective projects on its official social media account.
TOP #COSMOS PROJECTS BY TOTAL VALUE OF STAKED TOKENS$TIA $SEI $INJ $ATOM $SAGA $DYM $CRO $AXL $FET $ZETA $AKT $DYDX $OSMO $LUNA $BAND pic.twitter.com/3CNjKWGSm9
— PHOENIX – Crypto News & Analytics (@pnxgrp) August 24, 2024
$TIA Leads the Cosmos Crypto Projects Based on Staked Coin Volume
$TIA has dominated Phoenix’s list of top Cosmos-based crypto projects based on the value of staked coins. It has a total staked amount of nearly $4.68 billion worth. Its reward APY stands at 10.7% while its staking ratio has reached 72.9%. Following that, $SEI takes the 2nd position with its total value of staked coins reaching $1.95B. Its reward APY is up to 4.8% and the staking ratio of $SEI has touched 55.3%. The 3rd spot is taken by another prominent project going by $INJ with a cumulative staked value of approximately $1.33B worth.
The reward APY of $INJ has reportedly reached 15.6% with a staking ratio of up to 59.5%. After that, $ATOM obtains 4th place in the above-mentioned list with $1.29B as the cumulative value of its staked coins. It has a reward APY of almost 17.8% with the staking ratio currently standing at 60.0%. The 5th spot is seized by $SAGA with $1.26B as the cumulative amount of its staked tokens.
Along with that $SAGA’s reward APY is nearly 10.3% and the staking ratio is almost 74.2%. $DYM is the 6th project in the list with its cumulative staked value reaching $1.04B. Their reward APY and staking ratios stand at 4.3% and 59.3% respectively. The total staked value of nearly 1.02B worth has placed $CRO in the 7th position, with its staking ratio and reward APY reaching 37.1% and 7.3% respectively.
$ZETA Occupies the 10th Spot with $463M Worth of Staked Coins
The 8th spot is captured by $AXL as it has a total amount of staked coins equaling $532M. The project has a reward APY of up to 7.0% and a staking ratio of almost 66.4%. The list places $FET in the 9th position with its value of staked coins touching $520M. Additionally, its staking ratio and reward ratio stands at 15.5% and 7.1% respectively. The last entry in the list includes $ZETA with $463M as the value of its staked coins. $ZETA’s reward APY is almost 5.3% with a staking ratio of approximately 35.2%.
