In February 2022, Cardano Stakers Outperformed Ethereum by a Factor of 2,000.

Conclusion

• Due to rising ADA prices, Cardano staking continues to outpace Ethereum's.
• After the launch of Ethereum 2.0, Ethereum saw a slow increase in stakers, whereas Cardano has seen a steady rise.
• By comparison, Cardano (ADA) leads Ethereum (ETH) by 2,036 percentage points.

In September 2021, the Cardano Alonzo hard fork upgrade triggered smart contracts that allowed for the development of decentralized applications to be developed (dApps). In February 2022 the demand for its ADA token for staking purposes was particularly high. Cardano's lead over Ethereum in terms of total stakers has grown even further.

Ethereum (ETH) was beaten by Cardano (ADA) in terms of stakers in February. According to BeInCrypto Research, Cardano had 1.17 million stakeholders at the end of the second month of 2022.

There has been a 2% increase in the number of Cardano stakers since January 2022, but the network still holds a larger share of the market than Ethereum 2.0.

In 2022, Cardano's popularity will skyrocket.

Although many blockchain and decentralized finance supporters have criticized Cardano for lacking practical applications, the cryptocurrency has seen impressive growth in 2022. Cardano ecosystem value has been positively impacted by the decentralized exchanges SundaeSwap and MiniSwap, which are leading the ecosystem.

Cardano's total locked value (TVL) was $822,261 on January 2. On Jan. 20, TVL had a 292 percent increase in revenue, reaching $3.2 million. On Monday, Cardano TVL surged 2,619.99 percent to $87.79 million, the largest increase in two days. The total value was $72.41 million at the end of the month after a small correction.

Cardano's TVL surpassed $100 million on February 13th, $20 million on February 16th, and $113.9 million on February 28th before settling at that final amount.

Cardano's total value has remained strong so far in March, standing at more than $130 million at the moment.

In February, Cardano saw positive netflows.

First, we need to understand inflows and outflows to get a handle on the Netflow indicator

Exchange wallet deposits and withdrawals are measured in terms of ADA inflows and outflows.

Netflow is the difference between the amount of coins entering and exiting exchanges.

Cardano (ADA) had 10.36 billion in inflows on February 28.

Outflows for Cardano (ADA) on Feb. 28 were 9.7 billion.

This means that Cardano netflows (inflows of 10.36 billion minus outflows of 9.7 billion) amounted to 666.05 million.

Stakeholders in Ethereum 2.0 lag far behind those in Cardano.

After Satoshi Nakamoto's Bitcoin, Vitalik Buterin began using a more energy-efficient proof-of-stake (POS) consensus model, which was later replaced by the more energy-intensive proof-of-work (POW) model.

Ethereum 2.0 is still in its infancy and will not be fully functional for some time. The crypto market's negative sentiment has affected the network in every area. Beyond price, total value locked and stakers have both fallen precipitously. On the first day of 2022, there were 54,772 Ethereum stakers, but this number dropped to 54,768 on Jan. 18 and remained stable throughout February.

The inflows and outflows of Ethereum were lower than those of Cardano, resulting in moderate netflows.

ETH inflows totaled $546,120 on February 28.

Outflows for Ethereum (ETH) were 414,620 on Feb. 28.

Netflows for Ethereum (inflows of 546,120 minus outflows of 414,620) equaled 131,500.

Holding cryptocurrencies such as ADA and ETH 2.0 and earning rewards through staking has become a new way to generate passive income in recent years.

In February, Cardano had more than 20 times as many stakers as Ethereum, according to the stats cited earlier.

ADA's massive netflows (666.05 million compared to 131,500) show that millions of ADA holders are moving the currency.

Aside from that, ADA holders can stake their tokens on a variety of different platforms.

Among them are Kraken, Binance, Yoroi, Coinbase, and the Daedalus wallet, among others.

Coinbase and Binance are two of the most popular cryptocurrency exchanges in the world, not only in terms of daily trading volume but also in terms of the number of users they have.

Coinbase and Binance have a combined user base of more than 100 million.

Stakeholders and total value locked on Cardano and Ethereum are likely to increase in 2022 due to the platforms' strong development activity.

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