[Staking rankings] Market caps diverge as NEAR posts biggest weekly drop but leads annual returns

Ethereum’s staking market capitalization rose while Solana and Hyperliquid declined, leaving the leading assets divided. NEAR Protocol recorded the largest weekly fall but retained the highest annual total return among the assets tracked.

The figures showed a gap between weekly performance and annual returns: Ethereum was the only asset with a higher staking market capitalization over the week, while NEAR led on total returns despite its recent decline.

In the November 5 snapshot at 13:00 UTC, Ethereum ranked first by staking market capitalization at $106.01 billion, up 3.78% from a week earlier.

Solana ranked second at $41.19 billion, down 6.24%. Hyperliquid was third at $35.96 billion, down 8.11% over the same period.

BNB Chain placed fourth at $17.14 billion, down 4.13%, followed by Tron at $13.95 billion, down 3.53%.

Ethereum’s 3.78% increase was the only weekly gain. NEAR had the steepest decline at 12.22%, followed by Bittensor at 8.15% and Hyperliquid at 8.11%.

Sui had the highest share of circulating supply staked at 70.71%, followed by Solana at 67.98% and Bittensor at 63.82%. Cardano’s staking ratio was 56.68%, Hyperliquid’s was 46.24% and Tron’s was 46.11%.

Solana led in staking wallet participation with 1,258,803 wallets, followed by Cardano with 1,247,890 and Ethereum with 801,535.

Avalanche’s staking wallet count increased 3.99% over the week. Changes elsewhere were modest.

BNB Chain had the highest real reward rate at 5.64%. Avalanche recorded 2.76%, Tron 2.69%, NEAR 2.52%, Ethereum 1.72% and Solana 1.33%. Sui and Bittensor had negative rates of -0.95% and -5.51%, respectively.

Ethereum had the largest estimated annual rewards at $2.76 billion, followed by Solana at $2.06 billion. Hyperliquid recorded $810.02 million, Tron $455.40 million and NEAR $118.65 million.

Estimated annual rewards increased 4.59% for Ethereum and 0.55% for Cardano over the week. They declined 6.32% for Hyperliquid, 35.71% for BNB Chain, 9.63% for Bittensor and 8.79% for NEAR.

Bittensor offered the highest annual staking ROI at 13.95%. Avalanche followed at 6.72%, Solana at 5.81%, NEAR at 4.82%, Tron at 3.25%, Ethereum at 2.81%, BNB Chain at 2.45%, Hyperliquid at 2.25%, Cardano at 2.23% and Sui at 1.65%.

For 365-day total ROI, which combines price changes and staking rewards, NEAR led at 120.24%. Hyperliquid followed at 102.50%, while Tron also posted a positive return of 14.68%.

Cardano recorded -62.97%, Sui -55.09%, Avalanche -44.75%, Solana -36.37%, Bittensor -31.83%, Ethereum -26.52% and BNB Chain -23.73%. For most assets tracked, staking rewards were insufficient to offset price declines over the year.