DeFi· ★★★· neutral·

Bitwise: Ethereum and Solana staking hit records in Q3 as yields declined

  • —Ethereum staking hit 43.8M ETH, 36% of supply, with ~2M ETH net inflows in Q3
  • —ETH staking yield fell to 2.63%; network revenue dropped to $40.6M from $63M
  • —Solana staking reached 440.5M SOL, 69% of supply, with total yield around 6%
  • —Solana transactions rose 45% to 14.2B; fee revenue climbed 49% to $76M
Why it matters: Rising staking participation compresses yields and ties rewards to issuance, weakening the economics for validators and stakers.
Source: Blockmedia