An analysis of staking networks

The blockchain ecosystem evolves at a rapid pace, constantly latching on to new narratives whenever it sees fit. Over the past year, staking protocols have been a hot commodity. We have witnessed the launch of highly anticipated staking protocols such as Cosmos and Algorand. 

Other than the release of newer staking protocols, companies and investors have been laying down the framework to support these assets. San Francisco-based cryptocurrency exchange Coinbase released staking support for its institutional custody service. Cryptocurrency custody provider for institutional investors Anchorage raised a $40 million Series B that included both Andreessen Horowitz and Visa as investors. Crypto-native startups have even formed, such as Staked, whose entire business model is banking on the future of these networks that use staking as part of their consensus model.