BlockBeats News, April 21st, according to a report from Cointelegraph, yesterday, the total value of SOL tokens staked on the Solana network briefly exceeded the market cap of staked ETH on Ethereum. On-chain data shows that there are 505,938 unique wallets staking SOL worth $53.9 billion on the Solana network, with a staking APY of 8.31%; on the Ethereum network, there are a total of 34.7 million ETH staked, worth $53.93 billion.
The high staking threshold of 32 ETH (approximately $50,000) has caused a large number of stakers to shift from node staking to liquidity staking protocols, which is a key reason for the decrease in native staking on the Ethereum network. Currently, around $21.5 billion is participating in liquidity staking on the Ethereum network, with Lido alone holding an 88% market share, intensifying concerns about Ethereum centralization. Ethereum developers are exploring solutions to promote decentralized staking.
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