Coin Metrics' State of the Network • 0 implied HN points • 03 Dec 24
- Ethereum has about 34.4 million ETH staked, making up 28% of its total supply, while Solana has a higher staking ratio at 51% with 297 million SOL staked. This shows that more people are willing to stake their SOL due to easier entry requirements.
- Ethereum has more validators, about 1.07 million, compared to Solana's 5,048 validators. However, Solana engages over 1.21 million delegators, showing a lot of participation despite fewer validators.
- The staking yields differ significantly: Ethereum offers around 3.08% yield, while Solana offers a much higher yield of 11.5%. The differences come from their inflation models and reward structures for validators versus delegators.