Thread by @AvascanExplorer

**ANALYZING STAKING IN #AVALANCHE**

A 🧵 from our latest blog post!

TL;DR

-72% of AVAX are staked, indicating strong community engagement and confidence in the ecosystem
-#AVAX are distributed among validators, ensuring decentralization and preventing concentration of power.

1/ In this thread, we'll explore key insights from an insightful article by @AvascanExplorer .

Get ready for some fascinating findings! 👇

🔗 Read the full article by @AVascan here: medium.com/@avascan/analy…

2/ The article highlights the growing popularity of Avalanche ($AVAX) and its robust staking mechanism.

It reveals that as of recent data, over 72% of AVAX tokens are staked, indicating strong community engagement and confidence in the ecosystem. 💪💎

3/ One notable aspect is the even distribution of AVAX tokens among validators. This decentralization ensures a resilient network and prevents concentration of power.

In fact, the top 10 validators collectively hold less than 15% of the total AVAX supply.

4/ The analysis also sheds light on the continuous growth of AVAX staked over time.

Between February and June, the amount of staked AVAX increased by an impressive 200%, reaching over 9.3 billion AVAX. This demonstrates the increasing interest in Avalanche and its potential.

5/ Furthermore, the data reveals an intriguing trend in terms of validator count. The number of active validators has more than doubled in the past six months, surpassing 800.

This expanding validator network enhances the security and reliability of the Avalanche consensus.

6/ The analysis emphasizes the significance of AVAX staking rewards. Validators play a crucial role in maintaining network integrity and are rewarded for their participation.

With a current annual staking reward rate of 7%, staking AVAX becomes an attractive option for users.

7/ Staking AVAX not only offers attractive rewards but also contributes to the overall security and stability of the Avalanche network.
It aligns the incentives of participants, fostering a robust ecosystem that benefits all stakeholders.

Win-win! 🤝

8/ The growth in AVAX staking is indicative of a thriving and engaged Avalanche community.
More participants joining the staking ecosystem signifies the community's belief in the project's long-term potential.

Avalanche is clearly making waves in the crypto space!

9/ To wrap up, the article provides a comprehensive overview of the distribution and growth of AVAX stake in the Avalanche ecosystem.

It highlights the increasing staked AVAX, growing validator count, and the importance of decentralization and rewards.

Exciting times ahead! 🔥

10/ Have you explored the Avalanche ecosystem or staked AVAX? Share your experiences and thoughts below! Let's keep the conversation going. 🗣️💬

🔗 Read the full article by @AVascan here: medium.com/@avascan/analy…

Errata Corriege: 61% Staking Ratio

➡️ avascan.info/stats/staking