The capitalization of Proof-of-Stake (PoS) altcoins has declined to $254 billion

The total market capitalization of cryptocurrencies utilizing the proof-of-stake (PoS) consensus algorithm saw a 7% decrease by the end of the third quarter, amounting to $254 billion.These insights come from the Staked platform associated with Kraken. Analysts suggest that the market share of PoS coins has dipped by 2% to 22%, while Ethereum (ETH) has retained its dominance in this category, albeit with a 1% reduction to 79%. KEEP READING