In early July, JPMorgan (NYSE:JPM) released a report in which two of the bank’s analysts projected that the staking industry would be worth $40 billion in rewards by 2025. The report anticipates that once the Ethereum 2.0 network completes its transition from proof-of-work (PoW) to proof-of-stake (PoS,) payouts will more than double, up to $20 million from the current $9 million. Within the next four years, it will double again.
With the rapid rise of staking over the last few years, it’s hardly surprising that traditional finance analysts are starting to take note. While the JPMorgan analysts are correct that the market will continue to grow, however, even $40 billion could be a conservative estimate.
Tushar Aggarwal, an early member of the LuneX Ventures, is the founder and CEO of Persistence, an ecosystem of bleeding-edge financial applications focusing on both institutional and crypto-native users. Tushar is listed in Forbes 30 under 30 Asia.
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