Daily Staking Actions (Stakes, Unstakes and Order to Untakes)

The activity of all types of actions has been steadily increasing since the beginning of November, as shown in the above charts.
The busiest days in terms of the number of transactions and users were November 8 and 9, while November 10 saw the greatest volume.
In addition, we can see that the volume and percentage of unstakes have significantly increased after November 7. This indicates that users have begun to unstake their SOL since November 7. On the other hand, as time passes, we can observe a declining share of stake and deposit actions.

Total Staking Actions (Stakes, Unstakes and Order to Untakes)

The data above show that more stakes were made since the beginning of November than any other kind of action. However, the total amount of Withdraw and Order to Unstake operations exceeds Stake. However, when looking at volume, we can observe that total unstake volume far outweighs stake activities.

Total Staking Actions by Pools

Lido and Marinade are the top SOL stake pools with the biggest number and volume of actions since November, according to the above figures
Therefore, it is clear that the Lido pool has seen the biggest volume of unstake, whereas Marinade has had the most staking transactions and users, while Lide had the greatest staking Volume since the beginning of November.
Also, in the case of average volume of staking and unstaking transactions Lido has the lead among all other pools.

Top 10 Validators By Staking and Unstaking Activities

Lido and Marinad are the top SOL stake pools with the biggest number and volume of actions since November, according to the above figures
Therefore, it is clear that the Lido pool has seen the biggest volume of unstake transactions over time, whereas Marinade has had the most staking transactions and users.

Top 10 Users By Staking and Unstaking Activies

The most stake transactions have been made to the wallet address E9Y6mP85iRWkx47m6THG7SaedLhV1TtDF83zipzjDZ9P since the beginning of November, although UefNb6z6yvArqe4cJHTXCqStRsKmWhGxnZzuHbikP5Q has made far more stake volume than any other user with 115.88K SOL.
The wallet address E9Y6mP85iRWkx47m6THG7SaedLhV1TtDF83zipzjDZ9P has also taken the most Unstake actions. 2KEtADJXkXZReaokRU9ARWex2sYCDhmVfN4KiHa9vh1 has done the largest unstake volume with more than 50.37K SOL.

Daily Staking Actions by Pools

According to the above data, the Marinade stake pool accounts for the majority of stake transactions and users but the maximum volume of staking was on the Lido, while the lido has the greatest unstake transactions, users and volume since the beginning of November in terms of both volume and number of transactions and users.
November 8 and 9 saw a significant increase in stake activity, however, the number and volume of stake actions on pools have since started to decline. Since November 8th, there have been considerable increases in both the number and volume of unstakes and withdrawals, November 10 was the day with the greatest volume of unstakes. The number of unstake transcations and users reached their peak on November 10.

Conclusion

All forms of activities have been rising since November. Transactions and users peaked on November 8 and 9, while volume peaked on November 10. After November 7, unstakes grew in volume and percentage. Users have unstaked their SOL since November 7. Since November, stakes have outnumbered other actions. However, Withdraw and Order to Unstake exceed Stake. However, unstake volume far dwarfs stake activities.
Stake activity on pools peaked on November 8 and 9, although it has subsequently declined. Since November 8th, unstakes and withdrawals have increased, with the most on November 10. Unstake transactions and users peaked on November 10. Lido and Marinade had the most activity in SOL stake pools.
Lido had the most unstake, Marinade had the most staking transactions and users, and Lide had the most since November. Lido leads all pools in average staking and unstaking transactions.Lido and Marinad had the most actions in SOL stake pools. Thus, Marinade has the most staking transactions and users, while Lido has the most unstake transactions.
Since November, E9Y6mP85iRWkx47m6THG7SaedLhV1TtDF83zipzjDZ9P has had the most stake transactions, but UefNb6z6yvArqe4cJHTXCqStRsKmWhGxnZzuHbikP5Q has staked the most with 115.88K SOL. E9Y6mP85iRWkx47m6THG7SaedLhV1TtDF83zipzjDZ9P also has the most Unstake activities. 2KEtADJXkXZReaokRU9ARWex2sYCDhmVfN4KiHa9vh1 unstaked the most with over 50.37K SOL.

Methodology

In this dashboard, we will use Flipside's new staking pool data (Solana.core.fact_stake_pool_actions and Solana.core.ez_staking_lp_actions tables) to analyze staking behavior in the Solana ecosystem over the past week and How the stakers are responding to recent events, and whether there have been any notable inflows or outflows to staking pools or not. Also, we will try to find out what staking pools have seen the most notable behavior.

In this dashboard, we will limit our data from the beginning of November.

Staking on Solana

By staking your SOL tokens, you help secure the network and earn rewards while doing so.

You can stake by delegating your tokens to validators who process transactions and run the network.

Delegating stake is a shared-risk shared-reward financial model that may provide returns to holders of tokens delegated for a long period. This is achieved by aligning the financial incentives of the token-holders (delegators) and the validators to whom they delegate.

The more stake delegated to a validator, the more often this validator is chosen to write new transactions to the ledger. The more transactions the validator writes, the more rewards the validator and its delegators earn. Validators who configure their systems to be able to process more transactions earn proportionally more rewards and because they keep the network running as fast and as smoothly as possible.

Validators incur costs by running and maintaining their systems, and this is passed on to delegators in the form of a fee collected as a percentage of rewards earned. This fee is known as a commission. Since validators earn more rewards the more stake is delegated to them, they may compete with one another to offer the lowest commission for their services.

You risk losing tokens when staking through a process known as slashing. Slashing involves the removal and destruction of a portion of a validator's delegated stake in response to intentional malicious behavior, such as creating invalid transactions or censoring certain types of transactions or network participants.

When a validator is slashed, all token holders who have delegated stake to that validator lose a portion of their delegation. While this means an immediate loss for the token holder, it also is a loss of future rewards for the validator due to their reduced total delegation. More details on the slashing roadmap can be found here.

Rewards and slashing align validator and token holder interests which helps keep the network secure, robust and performant.

Source

Solana and the FTX Storm

The Solana ecosystem is in crisis this week, as the price of SOL fell sharply—shedding more than half of its value in a day—as the market responded to the collapse of crypto exchange FTX.

As of mid-afternoon on Wednesday, more than 56.3 million SOL—about $729 million worth at the time—was set to unlock from staking overnight, potentially flooding the market and pushing SOL’s price down further with sell pressure.

However, the figure was halved when the Solana Foundation announced late Wednesday afternoon that it would not unstake 28.5 million of that SOL, which had been previously delegated to network validators that German cloud provider Hetzner recently banned from its service. Instead, the Solana Foundation restaked its stash of SOL.

Amid sniping from Twitter users about it being another example of alleged “centralization” on Solana, Austin Federa—head of communications at the Solana Foundation—tweeted that its delegation program “had the worst timing imaginable,” and that the unstaking would be “rescheduled because A Few Things Happened Recently.”

While Solana has thus far weathered what some believe to be an existential threat, the situation around FTX is still evolving. The crypto market may weather continued shocks as FTX attempts to find a path to solvency and aid customers who locked up potentially billions of dollars worth of crypto in the exchange.

On Tuesday, Binance said that it had signed a non-binding letter of intent to acquire FTX following the latter firm’s liquidity crunch. However, on Wednesday, Binance pulled out citing the magnitude of FTX’s problems. Since then, Bankman-Fried has said he will try to raise money to save the company and make customers whole.

However that shakes out, more revelations and crypto industry aftershocks are likely as the market endures the unraveling of one of its biggest players. Solana has taken some of the hardest hits so far this week—but at least for now, the ecosystem is persevering.