The State of ATOM Staking: August 2022 Report
ATOM remains Cosmos Hub’s brightest star, helping to protect the whole network while acting as a catalyst for DeFi across the full chain and integrated IBC ecosystem. The network grows more robust and promotes greater activity as users continue to stake.
The important ATOM staking data for the previous month is analyzed in the section below, giving you a thorough picture of Cosmos Hub activities.
1/ ATOM Overview
The following are major data points about generic ATOM token statistics
- Total Market Cap: $3.04B+
- 24-Hr Trading Volume: $161M+
- Unique Wallet Addresses: 1.28M+
- Circulating Supply: 292M+ tokens
- Bonded Tokens: 200M+ tokens
2/ Cosmos Hub Overview
The following data shows significant data points about IBC activity on Cosmos Hub during the last 30 days:
- IBC Volume (30D): $154M+
- IBC Transfers (30D): 272K+
- Active Zones (30D): 48
- Block Height: 11.75M
3/ Staking Market Cap
Cosmos Hub (ATOM) is ranked 9th among cryptocurrency assets by staking market cap at the time of writing, keeping its position from last month and now resting at $2.08B+. In terms of staking ratio, it ranks 21st out of 87 PoS networks, and has been pretty stable since last month.
4/ Staking Ratio and Stats
ATOM’s staking ratio has improved by little more than 3% in the previous 30 days, totalling 65.58%. This is most likely due to a combination of reasons, including greater usage of ATOM and Cosmos Hub, as well as an overall uptick in sentiment in the cryptocurrency market.
At the moment, 200M+ ATOM tokens are bound in relation to its circulating supply of 305M+.
This is a major net positive for ATOM, as it gets closer to attaining its peak staking ratio of 75% in 2020.
5/ ATOM Delegates
Unique delegates are an important aspect in evaluating the amount of adoption for ATOM staking on Cosmos Hub, as they represent an increase in interest and dedication to securing the chain. At the time of writing, the number of ATOM delegates stood at 499,116, up over 2% from a month earlier.
6/ Validator Stats
Cosmos Hub has 175 active validators out of its total of 431, which helps to secure its network. Running a validator node results in an average APR of about 19%, which is similar to last month.
*The top 23 validators continue to collectively hold more than 67.85% of all staked ATOM, notwithstanding a modest variation in the quantity controlled during the past month (governance consensus threshold).
7/ Nakamoto Coefficient
The Nakamoto Coefficient is a crucial indicator of stake concentration across a blockchain’s validator set and shows the minimum number of validators required to act maliciously in order to damage the chain.
Staked tokens are dispersed more evenly across network validators when the coefficient value is higher (compared to the total number of active validators), strengthening the chain’s decentralization and security.
The Nakamoto coefficient, with its 175 active validators, has stayed at 7 since the last update in July.
Closing Note
The purpose of this report is to give you an informed, all-in-one summary of ATOM staking data.
For the most recent information on what more is coming, including next month’s ATOM staking report, make sure to follow our channel and social media accounts.
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