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Proof-of-Stake projects see a rise in interest as Cosmos Hub launches

With the much anticipated recent launch of Cosmos blockchain for interoperability, there are now over 70 projects using PoS to some extent, and they have seen 40% of their supply staked on average. According to Diar, almost $4 billion is staked, nearly half of it with EOS.

Competition though is likely to get even more fierce as delegators seek the best bang for their buck. A half dozen known blockchain PoS projects are set to go live later on this year. And high-profile networks are still in the works (see table below).

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cryptocurrency, defi