According to Staking Rewards, more than $132 billion are locked up in supporting proof of stake. The cryptocurrencies with the highest staking market cap include ETH, SOL and ADA, in which the typical annual yield is around 4% to 5%.
While there are many cryptos available that are yield-bearing, the most common cryptocurrencies that traders stake for passive income are:
• Ethereum 2.0
• Chainlink (LINK)
• Polkadot (DOT)
Note rewards on the Ethereum network are typically locked up until the Ethereum 2.0 network is complete. Also of note, more than 10% of Ethereum is staked. Depending on the platform, traders can also stake stablecoins like USD Coin, Dai (DAI) and Tether.