OnStaking, a leading platform for cross-chain staking solutions, has released its Q1 2023 report, showcasing a staggering 300% quarter-over-quarter (QoQ) growth in staking users. The report underscores the accelerating adoption of Proof-of-Stake (PoS) networks and the increasing demand for decentralized staking services.

Key Findings from the OnStaking Q1 2023 Report

1. 300% Increase in Staking Users – The platform recorded a threefold surge in active stakers compared to Q4 2022, driven by expanding support for multiple PoS blockchains.

2. TVL (Total Value Locked) Growth – OnStaking’s TVL rose by 220%, reflecting heightened investor confidence in staking as a passive income strategy.

3. Top-Performing Networks – Ethereum 2.0, Polkadot, and Solana emerged as the most staked networks, contributing to over 65% of total staked assets.

4. Geographic Expansion – Southeast Asia and Europe led user adoption, with a 40% increase in new registrations from these regions.

Drivers Behind the Growth

• Ethereum’s Merge Success – The transition to PoS significantly boosted staking participation.

• Institutional Interest – More enterprises are integrating staking into their treasury strategies.

• User-Friendly Staking Dashboard – OnStaking’s cross-chain interface simplified staking for retail investors.

Future Roadmap

OnStaking plans to introduce liquid staking derivatives (LSDs) and expand support for Cosmos and Avalanche in Q2 2023.

Quote from CEO:
“The 300% growth validates the shift toward staking as a cornerstone of decentralized finance. We’re committed to making staking accessible across all major PoS networks.”

About OnStaking
OnStaking is a cross-chain staking platform enabling users to earn rewards on multiple PoS blockchains securely.