From Cointelegraph
April 20, 2025 11:40 pm:

The Solana network briefly topped Ethereum in total staked value of their native tokens, SOL and ETH, sparking debate on its impact. $53.9 billion worth of SOL is staked by over 505,000 wallets, yielding an 8.31% annual return. SOL’s price surge relative to ETH has led to a flippening in staked value.

The high 8.31% staking return on Solana is hindering DeFi activities on the network, as users opt for staking over providing liquidity. This has raised concerns about the future growth and utility of SOL. Ethereum maintains dominance in DeFi total value locked, with $50.4 billion compared to Solana’s $8.85 billion.

An Ethereum researcher argues that Solana staking lacks true security measures due to the absence of penalties for malicious behavior. Solana Labs plans to introduce a more robust slashing solution to address these concerns. Ethereum developers are also exploring ways to enhance decentralization in Ethereum staking amid growing centralization worries.

Read more at CoinTelegraph: Debate as Solana briefly flips Ethereum in staking market cap