On April 21st, COINOTAG reported noteworthy developments in the crypto staking landscape, particularly concerning Solana (SOL) and Ethereum (ETH). Recent on-chain analytics revealed that the cumulative value of SOL tokens staked on the Solana network recently surpassed that of staked ETH, reflecting a growing trend among investors. Currently, approximately 505,938 unique wallets are contributing to the staking activities of SOL, representing an impressive total stake valued at $53.9 billion and offering a compelling Annual Percentage Yield (APY) of 8.31%.
In contrast, the Ethereum network has 34.7 million ETH staked, also valued at around $53.93 billion. The substantial minimum staking requirement of 32 ETH—equivalent to approximately $50,000—has prompted numerous investors to pivot from traditional node staking to emerging liquidity staking solutions. As a result, around $21.5 billion of Ethereum’s stake is now managed through these protocols, with Lido commanding a significant 88% market share. This has raised critical questions regarding the centralization of Ethereum staking, prompting developers to seek avenues to encourage a more decentralized staking environment.