Currencies38131
Market Cap$ 2.28T+0.28%
24h Spot Volume$ 25.62B-21.4%
DominanceBTC56.34%+0.06%ETH9.61%+1.33%
ETH Gas0.17 Gwei
Cryptorank
/

Institutions Follow the Yield, Picks Solana Staking Over Ethereum


Institutions Follow the Yield, Picks Solana Staking Over Ethereum

Share:

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner
  • On-chain data shows Solana’s 67% staked supply rate is more than double that of Ethereum’s 30%
  • Solana’s baseline staking reward of 6.6% is significantly higher than Ethereum’s 2.8% APY via Lido
  • SOL offers no staking minimums and 2-3 day unlocks, giving it a major edge over ETH’s rigid terms

On-chain data reveals a trend that institutions are watching closely; investors are choosing to stake Solana (SOL) at more than double the rate of Ethereum (ETH).

Ethereum being a legacy chain, Solana’s superior rewards and flexible terms are making it the clear winner in the war for staked capital. This trend is backed by a surge in institutional adoption, with public companies already holding massive SOL positions.

Related: Solana (SOL) Institutional Adoption Surges as Public Companies Amass $591 Million

On-Chain Data Shows Solana’s Staking Rate is Double Ethereum’s

The data from Solanabeach tells the whole story. Roughly 67% of Solana’s total supply is currently staked, representing over $82 billion in locked value.

In stark contrast, according to beaconcha, only about 30% of Ethereum’s total supply is staked. This isn’t a new development; Solana’s staked va…

The post Institutions Follow the Yield, Picks Solana Staking Over Ethereum appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.0759

-1.84%

$ 1.82K

+1.62%

$ 0.00...361

$ 0.0312

$ 77.73

+0.01%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 0.0759

-1.84%

$ 1.82K

+1.62%

$ 0.00...361

$ 0.0312

$ 77.73

+0.01%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

Ethereum Enters Historical Undervaluation Zone as MVRV Drops Below 0.8

Ethereum Enters Historical Undervaluation Zone as MVRV Drops Below 0.8

Ethereum is facing renewed attention as traders monitor a combination of on-chain met...
Founders Debate Ethereum L2 Value After Robinhood Chain Launch 

Founders Debate Ethereum L2 Value After Robinhood Chain Launch 

The role of Ethereum in the Layer-2 ecosystem is back in focus after the launch of Ro...