# Staking Market According to the [StakingRewards](https://www.stakingrewards.com/) (as of October 3rd, 2021), the staking market cap is currently at **$633BN**, with $146BN locked in staking with an average reward rate of 14.95%. PoS dominance is 58.68% and is expected to grow once Ethereum completes its transition to Proof of Stake. The considerable PoS hype is spearheaded by Ethereum's move from PoW towards a PoS-based network. Ethereum is the second biggest coin on the cryptocurrency market and the underlying blockchain for the vast majority of **DeFi** (Decentralized Finance) tokens and **NFTs** (Non-fungible-tokens). The PoS market is also experiencing a revival through blockchain ecosystems like Polkadot, Cosmos, or Kusama. The blockchain-as-a-service hubs foster innovation, cross-chain interoperability, and quick launch of new PoS projects with vast staking opportunities. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.trustednode.io/industry-backdrop/staking-market.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.