How does staking AVAX impact its price?

How does staking AVAX impact its price?

Blog Article

Staking AVAX allows holders to earn rewards by locking up their tokens to secure the network. This reduces the available supply of AVAX in circulation, potentially leading to price increases if demand remains consistent. The more users stake AVAX, the fewer tokens are available for trading, creating scarcity that can push up the price. To learn more about how staking affects market movements and the current AVAX price, you can visit this link.