According to Cointelegraph, ChainCatcher reports that yesterday, the total value of SOL tokens staked on the Solana network briefly surpassed the market value of staked ETH on Ethereum.
On-chain data shows that 505,938 independent wallets on the Solana network have staked SOL worth $53.9 billion, with an annual staking yield of 8.31%; a total of 34.7 million ETH are staked on the Ethereum chain, valued at $53.93 billion. The high verification threshold of 32 ETH (approximately $50,000) has led many stakers to shift from node staking to liquid staking protocol, which is a key reason for the reduction in native staking on the Ethereum chain. Currently, approximately $21.5 billion is participating in liquid staking on the Ethereum chain, with Lido alone occupying 88% of the market share, intensifying concerns about Ethereum's centralization. Ethereum developers are exploring solutions to promote staking decentralization.
