Token dilution
How fast each chain mints new tokens
High inflation dilutes everyone — including stakers, if rewards don't keep up. The page below ranks every chain we track by how quickly it's printing new supply.
Median inflation
5.0%
Highest
15.0%
OSMO · OSMO
Chains where staking < inflation
1
| Chain | Inflation | Staking APR | Real APR | Supply in 5 yr | Risk |
|---|---|---|---|---|---|
OSMO
· Osmosis
|
15.0% | 18.12% | +3.12% | ×2.01 | High |
ATOM
· Cosmos
|
10.0% | 10.25% | +0.25% | ×1.61 | High |
KSM
· Kusama
|
10.0% | 13.5% | +3.5% | ×1.61 | High |
SEI
· Sei
|
8.0% | 8.37% | +0.37% | ×1.47 | High |
DOT
· Polkadot
|
7.5% | 14.2% | +6.7% | ×1.44 | Moderate |
NTRN
· Neutron
|
7.0% | 7.01% | +0.01% | ×1.4 | Moderate |
INJ
· INJ
|
6.0% | 15.1% | +9.1% | ×1.34 | Moderate |
NEAR
· NEAR
|
5.0% | 9.0% | +4.0% | ×1.28 | Moderate |
MOVR
· Moonriver
|
5.0% | 11.5% | +6.5% | ×1.28 | Moderate |
GLMR
· Moonbeam
|
5.0% | 11.0% | +6.0% | ×1.28 | Moderate |
SOL
· Solana
|
3.86% | 5.67% | +1.81% | ×1.21 | Moderate |
POL
· Polygon
|
2.0% | 5.9% | +3.9% | ×1.1 | Low |
BTC
· BTC
|
1.7% | — | -1.7% | ×1.09 | Low |
CRO
· Cronos
|
1.0% | 1.04% | +0.04% | ×1.05 | Low |
ETH
· Ethereum
|
0.55% | 3.1% | +2.55% | ×1.03 | Low |
Inflation creates new tokens to pay validators. Whether it dilutes you depends on what you do with rewards: keep them in-token (no real dilution for you, but everyone else gets diluted) or cash out (suppresses price). Token price moves independently — not modelled here.
BTC and post-merge ETH are excluded — both have minimal or zero protocol-level inflation.
Read up before you stake
Background reading on dilution
Guide
Why inflation eats some of your staking yield
Networks pay rewards by minting new tokens. Here's how to think about 'real' return after inflation.
Read the guide →
Guide
What is staking?
Where the rewards on this leaderboard actually come from, in plain English.
Read the guide →
Guide
APY vs APR — what the difference actually means
Headline rates can mislead. Knowing what each rate represents lets you compare across chains fairly.
Read the guide →
Frequently asked
Things people ask about inflation
What is network inflation?
+
Inflation is the rate at which a blockchain mints new tokens to pay validators and stakers. Bitcoin's was about 1.7% in 2024; some Cosmos chains run 8–15%. Higher inflation means more tokens entering circulation each year — which dilutes anyone holding the token but not staking.
Why does inflation matter if I'm staking?
+
If your staking rate matches the inflation rate, you're roughly keeping pace — your share of the network stays the same. If it's higher, you're growing your share; lower, you're being diluted even though your token balance is increasing. The 'real APR' column above shows the difference.
Does high inflation crash the price?
+
Not always. Token price reflects demand, supply, and sentiment — inflation is only one factor. But if a chain mints fast and stakers cash out rewards instead of compounding, constant sell pressure can suppress price. Long-term holders are rewarded by other holders cashing out.
Why don't BTC and ETH appear here?
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Bitcoin's inflation is below 2% per year and falling; Ethereum is near zero post-merge, sometimes deflationary thanks to fee burning. They aren't excluded out of bias — they're excluded because this page is about chains where inflation is large enough to matter.
Can a chain change its inflation rate?
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Yes. Most chains have on-chain governance that can adjust the inflation schedule — Cosmos chains do this routinely, Polkadot has a programmatic curve, Solana follows a set decay. The numbers above reflect the current observed rate, which is what stakers actually receive.