9 Cryptocurrencies Offering the Highest Staking Yields (APY) in 2024 (2024)

Injective Protocol is an interoperable smart contract platform built using the Cosmos SDK. It is optimized for fast transactions and low transaction costs, boasting block times a fraction of a second.

Additionally, the blockchain is optimized for for financial activities. The Injective Protocol supports cross-chain trading, allowing users to trade assets from different blockchains, such as Ethereum and Cosmos.

• Trust Wallet — Trust Wallet is a multichain web3 wallet that is loaded with a lot of features, inlcluding in-app staking, a browser, and payment providers to purchase crypto in app. Users rarely have to leave the app, as most of their crypto activities can be don in-app.

• Injective Hub — The Injective Hubs is the proprietary website where you can stake INJ directly. It is the primary way to stake INJ for those with limited staking options.

• Keplr wallet — The Keplr wallet is both a browser extension and a mobile wallet. The wallet is a great option for those who need to stake on the go, or would like a wallet that can access.

Polkadot is a blockchain protocol designed to enable different blockchains to transfer messages and value amongst each other, sharing their unique features while pooling their security.

It stands out for its focus on interoperability, enabling various blockchains (called parachains) to connect and interact with each other. Polkadot was founded by Dr. Gavin Wood, a prominent figure in the blockchain community and co-founder of Ethereum.

• Binance — Binance is an all in one platform that satisfies many different types of cryptocurrency users. You can stake DOT on Binance, while enjoying many other crypto activities.

• Coinbase — Coinbase is one of the most secure and regulatory compliant exchanges on the market. Users that stake DOT with Coinbase can forego the burdens of staking themselves, to let Coinbase do all the heavy lifting.

• Kraken — Kraken is the premier exchange for cryptocurrency traders. It is also a good option for staking crypto, as it is extremely compliant to regulations in the jurisdictions that it operates in.

Kusama is often described as a “canary network” for Polkadot, designed to be a testbed or experimental development environment for blockchain projects before they are deployed on Polkadot. Like Polkadot, Kusama offers shared security and interoperability between different blockchains (parachains). However, the risks and stakes are higher due to the network’s experimental nature.

Unlike typical testnets that use valueless “test tokens,” Kusama has its own native crypto (KSM) with real economic value. This setup provides a more accurate testing environment and helps developers gauge how their projects will function in a live economic system.

• Kraken — Kraken is the premier exchange for cryptocurrency traders. It is also a good option for staking crypto, as it is extremely compliant to regulations in the jurisdictions that it operates in.

• Trust Wallet — Trust Wallet is a multichain web3 wallet owned by Binance. It is loaded with a ton of features, inlcluding in-app staking, a browser, and payment providers to purchase crypto in app.

• Coinbase — Coinbase is one of the most secure and regulatory compliant exchanges in the market. Users that stake KSM with Coinbase can forego the burdens of staking themselves, to let Coinbase do all the heavy lifting.

Zilliqa is a blockchain platform known for being one of the first to implement sharding, a technology that enhances the scalability of blockchain networks. The project originated from academic research at the National University of Singapore, highlighting its strong foundation in rigorous academic methodologies.

Zilliqa supports the development of decentralized applications. Its high throughput and scalable architecture make it a suitable platform for developers looking to build dApps that require fast and efficient processing of transactions.

• CEX.io — CEX.io is a popular exchange that is packed with features. Some of these include buying and selling, a crypto debit card, and ZIL staking.

• Binance — Binanace is the world’s largest exchange by volume, and therefore has deep liquidity. The exchange allows you to stake ZIL, among other cryptocurrencies.

Casper Network is a blockchain platform that focuses on enterprise-grade blockchain solutions, aiming to address some of the key challenges in blockchain adoption for businesses and industries.

One of Casper’s primary goals is to make blockchain technology more accessible and applicable for businesses. It provides features such as upgradable smart contracts and predictable gas fees, which are particularly important for enterprise use cases.

• Uphold — Uphold is a U.S. based exchange created by the founder of CNET. Staking CSPR on Uphold has the benefit of being regulated in the U.S.

• Casper website — As it is the proprietary method for staking CSPR, staking on the Casper website is a good option. For those who do not require other services offered by CEXs, staking CSPR natively is a good option.

Avalanche is a high-performance, scalable blockchain platform designed for a wide range of decentralized applications and custom blockchain networks. It’s particularly noted for its speed, low transaction costs, and eco-friendliness.

The platform allows for the creation of both private and public custom blockchain networks. These networks, called “subnets,” can have their own rules, participants, and use cases, making Avalanche highly versatile for different applications.

• Avalanche wallet — The Avalanche wallet is the proprietary wallet of the Avalanche ecosystem. If you do not require the services of staking platforms, it is the way to go.

• Binance — Binance is a world renowned exchange packed with tons of features. On the platform you can buy, sell, trade, and most of all stake AVAX.

• Ankr — The Ankr platform provides web3 infrastructure for developers. Staking with Ankr streamlines the process for users.

Canto is a relatively newer entrant in the blockchain space, focusing on decentralized finance (DeFi). It distinguishes itself through its unique features and offerings tailored for the DeFi ecosystem.

Canto presents the idea that fundamental DeFi primitives ought to be available as free public infrastructure. This means that certain fundamental DeFi services like decentralized exchanges (DEXs), the native crypto, a token that operates similarly to a stablecoin, and lending services are offered out of the box, aiming to reduce the cost barriers typically associated with DeFi operations.

• Bitget — Bitget is crypto exchange that strays from the norm by offering niche features. Some of these features include copy trading, trading bots, and staking.

• Canto website — The Canto website is the proprietary way to stake CANTO. Users that do not need the features of other staking options can stake natively on the website.

Tezos is a blockchain network that supports smart contracts and offers a range of features that differentiate it from other similar platforms. Like Ethereum, Tezos is also a platform for smart contracts and decentralized applications (DApps).

Tezos uses a Liquid proof-of-stake consensus mechanism. In this system, token holders can participate in the consensus process as a “delegator” or a “baker.” Delegators can “delegate” their tokens to bakers, who are responsible for maintaining the network and creating blocks.

• Trust Wallet — Trust Wallet is packed with features, including an in-app browser, staking, and crypto trading. If you need a wallet with multiple features, including staking, it is the way to go.

• Zengo — Zengo is a wallet that has been modernized to include more safety options. You can stake XTZ from the comfort of your Zengo Wallet.

• Coinbase — Coinbase is a very popular and safe exchange, that gives a particular focus to regulatory compliance. Staking XTZ with Coinbase is a safe option for those who are not technically savvy.

• Kraken — Kraken is the premier exchange for traders, as it has more options for advanced traders. Staking with Kraken allows traders to put their funds to work when they are not trading.

Polygon (previously known as Matic Network) is a multi-chain scaling solution for Ethereum, designed to address some of Ethereum’s major limitations. Polygon is fully compatible with the Ethereum blockchain.

It extends Ethereum into a multi-chain system, allowing Ethereum-based projects to easily migrate to Polygon for better performance while still staying connected to the Ethereum mainchain.

• Coinbase — Coinbase is one of the safest exchanges in the market to stake MATIC. If you are worried about staking in the wild west that is DeFi, Coinbase should give you some peace of mind.

• Lido Finance — Lido is gaining market share in the realm of liquid staking derivatives. Staking with Lido allows you to put your idle stake to work even more.

• OKX — OKX is a global exchange that caters to a diverse user set. It is a great option for those in different parts of the world who have limited staking options.

• Kraken — Kraken is a U.S. based exchange that has been on the market for a long time. It is a great option for users that want to stake, especially without the required technical know how.