Staking Industry Research & Insights

The State of Staking is a quarterly analysis of key trends, metrics and developments driving the growth of the staking industry

Q1 2024

What a difference a quarter makes. After an 18th month slumber and a lackluster Q3 2023, animal spirits awakened in Q4. There are early signs the bull is back. Anticipating approval for the spot Bitcoin ETFs in January, investors bid up the total crypto market cap to $1.8N, a blistering increase of 54% Q/Q and 214% Y/Y. $1.8TN is the highest total crypto market cap since the last bull market cycle's peak of $2.3TN ni Q1 2 / Q4 21.