Q3 was an absolute banner quarter for PoS crypto assets. The market cap of the top 35 PoS assets represented 30% of the total crypto market capitalization as of 09/30, marking the first time PoS assets have accounted for > 25% of the total crypto market cap. There were a record 4 PoS assets in CoinGeck’s top 10 crypto assets (Ethereum, Cardano, Solana and Polkadot), and 28 in the top 100. The market cap of the top 30 PoS assets reached an all-time high of $594BN, an increase of 65% vs. Q2. 6 assets now have market caps in excess of $10BN, up from 3 in Q2, with Solana, Avalanche and Terra joining the club. Solana eclipsed Polkadot to become the 3rd most valuable PoS asset with a market cap of $41.4BN at the end of Q3.
