tl;dr
The Open Network (TON) has surpassed Cardano to become the third-ranked blockchain network by Proof-of-Stake (PoS) market capitalization. Ethereum leads the sector with a $115 billion staking market cap. TON's token has seen a 391% increase since July 2023, outperforming ADA, which has only risen by...
The Open Network (TON) has surpassed Cardano to become the third-ranked blockchain network by Proof-of-Stake (PoS) market capitalization. Ethereum leads the sector with a $115 billion staking market cap. TON's token has seen a 391% increase since July 2023, outperforming ADA, which has only risen by 33%. Ethereum, Solana, and Cardano follow in the rankings, with TON and Cardano experiencing recent surges in activity. TON is now the ninth largest cryptocurrency with a $17.5 billion valuation, while ADA is the tenth largest with a market cap of $15 billion. TON's returns since July 2023 stand at 391.10%, whereas ADA has only surged by 33.24% during the same period. Despite ADA's underperformance, its growth in Total Value Locked (TVL) indicates increased interest from the blockchain sector.
As per data from Staking Rewards, Ethereum ranks first with a staking market cap of $115 billion, a staking ratio of 27.67%, and a reward ratio of 3.33%. ETH is followed by Solana, with a staking market cap of $67.28 billion, a staking ratio of 65.71%, and a reward ratio of 6.97%. TON ranks third with a staking market cap of $4.34 billion, a staking ratio of 24.82%, and a reward ratio of 3.03%. Cardano comes in fourth, with a staking market cap of $9.63 billion, a staking ratio of 65.95%, and a reward ratio of 2.8%. Tron (TRX) and Avalanche (AVAX) are ranked fifth and sixth on the list, respectively, with staking market caps of $5.97 billion and $7.64 billion.
TON has seen the debut of viral Telegram-based games, including Hamster Kombat and Notcoin. Meanwhile, Cardano has formed an Interim Constitutional Committee (ICC) and unveiled Node 9.0.0, moving closer to the Chang hard fork. According to CoinMarketCap data, ADA is the tenth-largest digital asset in the market, with a market cap of $15 billion, while TON is the ninth largest cryptocurrency, with a valuation of $17.5 billion. ADA is trading at $0.418, down 1.7% in the last 24 hours, while TON is trading at $6.97, up around 0.7% in the same period. Since July 2023, TON has provided 391.10% returns to its holders, while ADA has surged only 33.24% since that time. Although the native token of the Cardano blockchain is underperforming, earlier reports indicate that the network’s growth in Total Value Locked (TVL) is impressive, suggesting increased interest from the blockchain sector.
More about Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
Industry: ENERGY & TRANSPORTATION
Commodity: GOLD AND SILVER ORES
Market Cap: 116,945,000
Dividend Yield: None
EPS: None
P/E Ratio: 0
Forward P/E: 0.127
PEG Ratio: -0.0306
Volume: 36,723,000
Market Cap (Intraday): 1.38
Beta (3Y Monthly): 2.549
52-Week Change: 0.625