On-Chain Update: Solana Staking Hits Record Levels
Recent on-chain data shows a clear divergence between major L1s during this volatile period.
Key Metrics
Solana (SOL): ~70% staking ratio (ATH), locking roughly $60B.
Ethereum (ETH): ~30% staked, around $120B, with strong institutional participation.
Market Insight SOL’s higher staking ratio creates a tighter circulating supply. Combined with positive bridge inflows, this supply constraint is helping support SOL’s relative strength versus ETH in the current market.
