Proof-of-stake (PoS) adoption continued its trajectory of strong growth in the first quarter. The total market cap of PoS assets grew by 150% QoQ (not annualized). The projected value of annual staking rewards grew by 89% in the first three months of the year. And the universe of staking chains continued to expand, with the following new chain launches: Solana, Mina, Injective, Stacks, Elrond. In every case, staking provided better returns than simply holding the asset: stakers earned an additional yield of between roughly 4% and 34% in one quarter.