Solana Emerges as Largest Blockchain by Staked Value

A recent development sees Solana overtaking Ethereum in the realm of staked value, becoming the current leading blockchain network. Data reveals that Solana’s staked market cap now stands at approximately $67-$70 billion, closely edging out Ethereum’s $65-$68 billion. This shift is attributed to Solana’s high staking yields and robust validator network, which currently boast around 67-70% of their total supply (around 410-420 million SOL out of 589 million circulating) actively staked.