The Solana network briefly surpassed Ethereum in its total stack price of its respective token tokens, civil and ETHs, and it was debated whether it was really fast or downturn for Solana.
Blockchain data suggests that, from 505,938 unique wallet holders, now over $ 53.9 billion has been set up on the Solana network, which is returning 8.31 percent annually.
Benacha Dot In Data shows that the data briefly forwarded the stack ETH market cap on April 20, which is now derived from $ 34.93 billion worth of 34.7 million stack token.
Congico’s data shows that an auxiliary factor behind Flipinning has been a strong price performance than ETH over the past two years, which has seen the ratio of civil/ETH since June 12, 2023, from 0.0088 to 0.0866.
Pandits say that high civil stacking returns are suppressing Solana’s defense
However, “risk-free” for SOL stickers at the network level is removing 8.31 % return-ETH from 2.98 % significantly more-solna consumers from defy activities, such as providing leakage to automated market makers and lending protocols in exchange for token rewards.
“Solna’s 65 % market cap stack means it has no other use her token, it is actually a downturn.”
Defelma’s data shows that only $ 7.22 billion worth of liquid stacked civilized on Solana is a $ 21.5 billion worth of liquid stack Ethical token.
Multi -Quin Capital Managing Partner Taser Jane had earlier said that Solani’s defense has been suppressed because investing in something is not rational to generate less than a “risk -free” investment.
“When you provide a liquidity to SOL/USDC AMM does not make sense when it can earn 5 % but stacking makes you 7 %.”
Ethereum has also dominated $ 50.4 million in terms of default value, compared to $ 85 8.85 billion.
Industry pundits also pointed out that far more legitimate cars are still securing the Ethereum network at 1.06 million than 1,243 in Solana.
Ethereum researcher says solena stacking is not really stacking
An Ethereum researcher said that Solana stacking is not really saving the Solana network because there is no way to punish bad actors for malicious behavior.
“When there is no shortage, it is very ironic calling it ‘stacking’. Is it at stake?” The Dancard Fest said in a post April 20.
“At this time, Solana is nearing zero economic security.”
Solana Labs said that slaughtering is already possible, but it is not automatic, and the assets of the attacker can only be reduced by restarting the entire network.
Related: Ethereum price reduction in ‘curse’ that can continue well by 2025 – analyst
According to Multi -Capital Managing Partner Kyle Samani, Solana wants to create another comprehensive slashing solution later this year.
Solana Labs CEO Anatoli Yakukinko said he was pushing for a “mutual relationship” mechanism, where a penalty would be equal to the square of a distinction between a pledge and a stacked confirmed at a stacked certificate.
Meanwhile, Ethereum developers and researchers are looking for ways to make Ethereum stacking.
Many Ethereum stickers have resorted to a liquid stacking protocol in the past few years, which requires high 32 ETH (50,750) to operate at least one independent verification car.
However, due to this change, the Ludo Protocol has gained 88 % of the shares in the Ethereum’s liquid stacking market, which has added another layer to Ethereum’s stacking centralization concerns.
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