On May 2022, Blazestake launched as one of the newest staking protocols in Solana, starting its journey in an ecosystem where big other projects such as Marinade Finance and Lido were the popular options for the Solana Community, but what is a liquidity staking protocol?

• Liquidity Staking protocols facilitate the staking activity in the network and here is an example by BlazeStake:

When you stake your Solana, you are locking your tokens to vote for a validator who verifies transactions on the Solana blockchain, and in exchange, both you and the validator get rewarded for helping to keep the network secure. However, when you stake your Solana the normal way, each stake account is specific to only a single validator out of the 1800+ validators. This system leads to a few popular validators having a disproportionally large number of SOL staked to them (more than 33% of staked SOL is used to vote for just 30 of the 1800+ validators). When you stake with BlazeStake, the stake pool spreads your stake across hundreds (and in the future, thousands) of both high performing validators and smaller validators, which greatly increases the security of the Solana blockchain while optimizing your rewards.

An added benefit of using a stake pool such as BlazeStake is that you receive liquid tokens in the form of bSOL, which represents your staked SOL. bSOL automatically increases in value relative to SOL as staking rewards accrue. You can use bSOL tokens in a variety of DeFi applications to further increase your staking rewards.

So most of the staking in Solana goes through these Staking Protocols, Lido, as mentioned before, is one of the strongest because it started on the Ethereum Network, BlazeStake being a new Protocol that didn't have the reach of LIDO, had to work harder to be known in the Web2 and Web3 world.

And this leads us to the present dashboard, where I'll show how BlazeStake User Reach has increased over time, increasing their activity more than others protocols that were before on the Solana Ecosystem.