Navigating the Staking Landscape: Part 2 - Top-5 SaaS Providers
The recent surge in the SaaS market has led to the emergence of numerous staking providers. This article highlights the top five SaaS providers based on Assets under Management.
The Staking-as-a-Service (SaaS) market has seen a remarkable surge in growth recently, attracting a myriad of new players to the arena. Stakingrewards.com reports that just over 200 of these providers now oversee more than $90 billion in staked assets.
In light of this expanding landscape, this article will delve into the Top 5 SaaS providers. Our focus will primarily be on the companies boasting the highest Assets under Management (AuM), though we won't be covering Liquid Staking solutions and exchanges at this point.
Allnodes
Allnodes is a leading player in the space, boasting $1.86 billion in AuM and over 264k stakers. The company was founded by Konstantin Boyko-Romanovsky in 2017 and is based in California, United States.
The company supports non-custodial staking of over 70 protocols, and hosts over 44k nodes. Prices vary, ranging from $5 to $960 per month, depending on the blockchain. For Ethereum, for instance, the company offers some of the most competitive prices on the market: only $5 per month for a Basic plan and $10 per month for an Advanced plan. The Basic plan guarantees 99% uptime, while the Advanced plan guarantees 99.9% uptime and additionally offers insurance against slashing on Ethereum.
Besides staking, the project also offers easy setup for various node infrastructures, such as Full Nodes, Sentry Nodes, etc.
In March of this year, the company partnered with Metamask, and a few other SaaS providers to launch the first institutional staking marketplace.
Kiln
Kiln is another leading staking provider, boasting $1.5 billion in AuM with over 26.53k stakers. Boasting three co-founders, the company is based in Paris, France.
Kiln supports non-custodial staking for more than 20 protocols and guarantees an uptime of 99.95%. The project’s fees range from 5 to 10%.
The company primarily targets enterprise clients. For instance, in partnership with Ledger, Kiln facilitates the staking of over 50k ETH. Ledger Live users who own more than 32 ETH can effortlessly utilize Kiln to stake their ETH via the Ledger Live application.
Kiln also provides staking pools for Ethereum. Users with less than 32 ETH can take advantage of Kiln’s staking pools to stake their ETH.
Kiln is one of the primary partners of Metamask and also participates in the institutional staking marketplace initiative.
P2P.org
P2P.org stands out as another leading staking provider, with an impressive $1.47 billion in AuM and over 58.47k stakers. Founded by Konstantin Lomashuk in 2018, the company is based in the Cayman Islands.
Offering non-custodial staking for over 30 protocols, they have fees that typically range from 5% to 10%. Beyond their core staking services, P2P.org provides RPC Nodes and an array of staking APIs. Of particular note is their role as the powerhouse behind Lido, Ethereum's largest liquid staking protocol.
Recently, the company shared the news that it had secured $23 million in funding, and revealed plans to develop an innovative infrastructure platform aimed at enhancing the staking user experience.
Stakefish
Stakefish is a prominent staking provider in the crypto landscape, boasting $1.37 billion in AuM and serving over 141k stakers. Established in 2018 by Wang Chun, the company is based in the British Virgin Islands, with co-working spaces in both Palo Alto, California and Seoul, South Korea.
The firm supports staking across 18 PoS networks, and its fees typically range between 4% and 10%. It's worth highlighting that, following the Shanghai hardfork on April 12, 2023, Stakefish eliminated protocol fees for Ethereum staking.
The project focuses solely on staking, and does not offer any other services.
Notably, there were reports last year that the company had to lay off 25% of its staff, which could be a cause for concern for some.
InfStones is a powerful blockchain infrastructure provider, with an impressive $1.05 billion in AuM and over 22k stakers. The company was founded by Jonathan Shi and Zhenwu Shi in 2018 and is based in Palo Alto, California.
InfStones offers non-custodial staking across more than 47 protocols and ensures an uptime of 99.9%. Their fees typically range from 5% to 15%.
In addition to staking, InfStones provides node infrastructure and a range of APIs.
In the previous year, the company secured $66 million in funding from SoftBank and other notable investors.
This article is part of a series where we discuss all things staking. To read the first part of this series, go to Market Overview.
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