Staking Rewards Will Double to $18.9 Billion by 2022: Report

[Fawpac2]

Total staking rewards on proof-of-stake blockchains will almost double this year to $18.9 billion, up from last year’s $10 billion, predicted a report on staking by Ethereum infrastructure firm Staked.
“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,” the report said.
Staking means to pledge cryptocurrency money to a blockchain network. Staking helps the blockchain validate transactions—key to keeping things running. Staked funds can’t be used elsewhere.
Staking can only be performed on blockchains that rely on a proof-of-stake consensus mechanism to validate transactions, such as Tezos. You can’t stake Bitcoin on the Bitcoin blockchain because it uses a proof-of-work consensus mechanism, whereby energy-intensive mining validates transactions.
Ethereum is currently a proof-of-work network, but it’s preparing to shift to proof-of-stake as part of its hotly-anticipated Ethereum 2.0 upgrade. Last November, Ethereum opened up staking for Ethereum 2.0. There are 3.9 million ETH staked on ETH 2.0, which is worth about $8.6 billion in today’s price. Source