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Solana staking reaches an all-time high of 70% of its supply
Source: Criptonoticias Original Title: Solana Staking Hits All-Time High Original Link:
Solana Sets Milestone in Staking Participation
Solana’s staking reached a new all-time high by locking in 70% of its total supply to secure the network.
This level implies that nearly 426 million SOL coins, equivalent to USD 60 billion at a price of USD 140 each, are committed by validators. With this, a milestone is marked in the economic participation within the protocol.
It is worth noting that the price of SOL has fallen to USD 128, due to the decline in Bitcoin’s price below USD 90,000.
Economic Security and Staking
The staking ratio measures what proportion of the total circulating coins are locked to validate transactions and produce blocks.
A higher staking percentage increases the network’s economic security, as it makes controlling or reversing the chain much more costly, requiring an increasing amount of committed capital that can be lost in case of malicious behavior.
In absolute terms measured in dollars, Solana’s staking reached its highest point on September 15th, when the value of locked SOL approached USD 94 billion, equivalent to around 385 million tokens.
Although the dollar value of staking was higher in September, the current record corresponds to the percentage of the SOL supply locked, which today reaches its highest historical level, regardless of the asset’s price.
Implications for SOL Price
This all-time high occurs in a context of adverse price conditions. At the time of analysis, SOL is trading around USD 128 per unit, with a decline of over 4% in the last 24 hours, and 57% below its previous ATH.
However, the increase in staking introduces a relevant dynamic for market analysis: a high ratio implies less liquid supply available for immediate sale.
From a price perspective, this phenomenon can act as a boosting factor. If demand remains steady or grows while circulating supply decreases, potential selling pressure diminishes, which could positively affect the price.
Additionally, the attractiveness of staking as a source of yield reinforces incentives to keep SOL locked, even in scenarios of price correction.
Nevertheless, the price of SOL, like most cryptocurrencies, was affected by global market pressures and external macroeconomic conditions.