On-Chain Update: Solana Staking at Record Levels
Recent on-chain data shows a growing structural difference between major Layer 1 networks during this volatile period.
Key Staking Metrics
Solana (SOL): ~70% of total supply is staked (all-time high), locking roughly $60B
Ethereum (ETH): ~30% of supply is staked, with ~$120B locked and strong institutional participation
Market Context
A higher staking ratio reduces the amount of liquid supply available on the market. In Solana’s case, this creates a tighter supply environment compared to Ethereum. Combined with positive bridge inflows, this dynamic is helping explain SOL’s relative strength versus ETH in recent price action.
