SOL officially surpasses ETH in staking market capitalization
Solana (SOL) has just surpassed Ethereum (ETH) in total staking value: 54 billion USD compared to 53 billion USD. This reflects the trust from the community and an extremely high staking rate – 77% of the total supply of SOL, while ETH is only at 27.9%.
Although the market capitalization of SOL (70 billion USD) is still much lower than that of ETH (190 billion USD), SOL demonstrates a clear economic efficiency in attracting staking.
The downside is that high staking can reduce liquidity, making prices more volatile. However, due to a lower circulating supply, the price of SOL can also be easily pushed up when there is strong buying pressure.
