The Solana network briefly overtook Ethereum in total staked value of their native tokens, sparking a debate over its implications. Currently, over $53.9 billion worth of SOL is staked on Solana, offering an 8.31% annualized return to users. This figure briefly surpassed the staked ETH market cap on April 20, which stands at $53.93 billion. SOL’s strong price performance compared to ETH over the last two years has contributed to this shift, with the SOL\/ETH price ratio rising nearly tenfold. However, the high staking return for SOL is believed to be stifling Solana DeFi activities, as users are drawn to staking rather than other DeFi pursuits. Ethereum still dominates in terms of DeFi total value locked. Critics have pointed out that there are more validators securing the Ethereum network compared to Solana, raising concerns about Solana’s security. One Ethereum researcher argued that Solana staking lacks a mechanism to penalize bad actors for malicious behavior. Solana is working on a comprehensive slashing solution to address this issue. Meanwhile, Ethereum developers are exploring ways to decentralize Ethereum staking as more users turn to liquid staking protocols due to the high minimum requirement to run an independent validator. This shift has led to concerns about staking centralization on Ethereum.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Solana network briefly overtook Ethereum in total staked value of their native tokens, sparking a debate over its implications. Currently, over $53.9 billion worth of SOL is staked on Solana, offering an 8.31% annualized return to users. This figure briefly surpassed the staked ETH market cap on April 20, which stands at $53.93 billion. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/101017"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=101017"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/101017\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=101017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=101017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=101017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}