Try Quests to earn SOLSolana Staking Madness
What is Solana ?
Solana is a blockchain platform designed to host decentralized, scalable applications. Solana can process many more transactions per second and charges lower transaction fees than rival blockchains like Ethereum.
Solana uses a proof-of-history consensus mechanism. This algorithm uses timestamps to define the next block in Solana's chain. Most early cryptocurrencies, such as Bitcoin and Litecoin, use a proof-of-work algorithm to define the blocks in their chains.
What is Decentralized Staking ?
DeFi staking involves locking one's crypto tokens into a smart contract in an effort to earn more of those tokens in return. Consider it the decentralized equivalent of putting your money in a bank fixed deposit.
Proof of Stake (PoS) involves network participants “staking,” or locking up their crypto assets, in exchange for becoming validators of the blockchain. Validators are randomly selected by the network to verify the blockchain. PoS validators are similar to PoW miners, but instead of work, their “stake” allows them to validate the network.
Validators make themselves available by staking their cryptocurrency and then they are randomly selected to propose a block. The proposed block needs to be attested by a majority of the other validators. Validators profit by both proposing a block as well as attesting to the validity of others’ proposed blocks.
With a proof-of-stake system, the more coins you have, the more voting power you have, and those with the coins are also the ones earning the new coins from staking. Since they don’t need to expend resources to stake, they can simply increase their overall staking amount as they earn ongoing coins from staking rewards, and exponentially grow their influence on the network over time, forever. Network dominance tends to lead to more network dominance, in other words.
Methodology
in this dashboard we will anayze How has staking pool behavior on Solana?
i use flipsidecrypto data for create and analysis this dashboard
the main table i use :
solana.core.fact_stake_pool_actions and solana.core.ez_staking_lp_actions
i analysis the staking transctions during past week
the main metrics:
- Stake
- Unstake
- users
- validators
Overall Stats
Daily Stats
Stake
Validators & Users (Stake)
Unstake
Validators & Users (Unstake)
According to the above charts we can see the number of Stakes and Stakers during past week is more than all other action types.
But, if we look at Unstakes transations Volume we can See Unstakes had more volume than all actions type
we can see during past week Volume of Stakes less than Volume of Unstakes
Findings
According the above charts we can see quite increasing activity of all type of actions during past week
we can see we had the highest activity on 8th and 9th and we had Highst Volume of actions in 10th November
also we can see after 7th November there is increasing share of Unstakes and also order to Unstake action and Volumes
we can conclude users hadve started to unstake their sol since 7th november
also we can see decreasing share of stake actions as time goes on.
According the above charts we can see the share of high Volume transactions on Unstake and claiming reward actions is way more than stake
and we can see the mosr unstake Volume related to 10-100 ana more than 100sol
the most Volume of Stake Actions Related to 10-100 Sol
according the the above charts, Lido and Marinad are the top SOL stake pools with the highest number and also volume of actions during the past week (and all time).
When staking on Marinade, users firstly have to “order to unstake” their asset but on Lido, the unstake process is way faster.
So, we can see the highest volume of unstake during the past week belong to the Lido pool while activity on Marinade is more at stake and also claiming rewards and order to unstake.
also on the above charts, the majority of Stake actions during the past week (in both terms of number and volume) belong to the Marinade stake pool.
There was a high spike of stake activity during 8th and 9th November but after these dates, we can see quite decreasing number and volume of stake actions on pools.
Based on the left charts, the everstake validator had the most number of stakes and stakers and the second volume of stakes during the past week.
While, the Figment validator had the highest stake volume
The wallet address E9Y6mP85iRWkx47m6THG7SaedLhV1TtDF83zipzjDZ9P has performed the most number of stake transactions during the past week but the stake volume of UefNb6z6yvArqe4cJHTXCqStRsKmWhGxnZzuHbikP5Q is way higher than all other users.
According the above charts , we can see Lido is the top performing stake pool.
The number and volume of unstake has increased significantly since 8th November to the extent that this day has the highest average volume of unstakes. the highest spike of unstake (both number and volume) has achieved on 10th November.
Totally, with a simple comparison of these Unstake charts vs the previous stake charts, we can see huge difference in transactions volume (unstake is way more)
according the above and left charts
Everstake validator has also the highest number of Unstakes and Unstakers during the past week.
But the validator: hz5alvpkscnwoe9yzwxblrqa3qzhjivbgtfcimekk8m5 had the highest Unstake volume.
We can also see there is very high difference between number and volume of unstakes from validators & stakes to them (unstakes are way heavier and more)
According the above charts
The interesting thing is that the wallet address E9Y6mP85iRWkx47m6THG7SaedLhV1TtDF83zipzjDZ9P has also performed the most number of Unstake actions.
2KEtADJXkXZReaokRU9ARWex2sYCDhmVfN4KiHa9vhh1 has performed the highest unstake volume during the past week (more than 159k SOL).
Conclusion
- During the past week the Volume,Average Volume and Number of Unstake actions were more than Stake actions
- The number and volume of unstake actions and also order to unstake tokens has increased dramatically after 7th November
- Most volume of SOL was unstaked on 10th November and also the highest unclaimed reward from staking was claimed on this day
- During the past week, the highest SOL was unstaked from ==Lido== stake pool
- During the past week, the highest sol was staked into the ==Marinade== stake pool
- During the past week, the highest sol was staked/deposited into the Marinade stake pool
- The wallet address ==E9Y6mP85iRWkx47m6THG7SaedLhV1TtDF83zipzjDZ9==P has performed the most number of stakes and also Unstake during the past week