$SOL Briefly Surpasses $ETH in Staked Value — Bullish or Bearish?
Solana briefly overtook Ethereum in total staked value, with over $53.9B in SOL staked across 505K+ wallets, earning an 8.31% annual return. Ethereum's staked value stood at $53.93B from 34.7M ETH.
SOL’s price has outperformed ETH since mid-2023, driving the surge in staking. However, some analysts argue the high staking returns may hurt Solana’s DeFi growth by pulling users away from liquidity and lending platforms.
* SOL staking briefly surpassed ETH staking in total value.
* SOL/ETH price ratio rose ~10x since June 2023.
* SOL stakers earn 8.31% APY vs ETH's 2.98%.
* High staking may reduce SOL usage in DeFi — possibly bearish.
