Solana Overtakes Ethereum in Staked Value for a Moment, but Some Cautions Surface

A brief moment of market dominance saw Solana briefly overtake Ethereum in staked value last weekend, with over $53.9 billion worth of SOL locked into the network across more than half a million unique wallets. This surge generated an annualized return of 8.31% for stakers, according to on-chain data. Despite this impressive milestone, many analysts are cautious about its long-term implications for Solana’s ecosystem.