Forward Industries, a publicly listed Solana liquidity pool company, has launched its first institutional-grade validator node on the Solana blockchain as part of its overall strategy to deepen its role in the Solana ecosystem.
The company announced on Tuesday that the validator node operates on DoubleZero's fiber network, which provides computing power for the validator node and utilizes Jump Crypto's Firedancer technology, a brand new independent Solana validator client.
Kyle Samani, Chairman of the Board of Forward Industries, stated, "This move enables us to enhance the resilience of the Solana network and helps ensure its position as the 'institutional adoption standard' in the decentralized finance (DeFi) space."
Forward Industries currently holds the largest Solana crypto liquidity pool, valued at nearly $1.7 billion. The company is backed by crypto giants Galaxy Digital, Jump Crypto, and Multicoin Capital, and plans to further engage with the network ecosystem.
Once launched, Forward Industries' validator node immediately made the entity one of the top ten validators by the amount of SOL tokens staked.
According to the blockchain explorer Solana Beach, Forward's SOL holdings are approximately 6.8 million tokens, valued at nearly $1.7 billion, and have all been staked.
As a result, it successfully surpassed established participants like Staking Facilities and Coinbase, which have staked 6.7 million and 6.2 million SOL tokens, respectively, ranking behind Forward.
Data from Solana Beach shows that the largest Solana validators are Binance Staking, Helius, Figment, and Jupiter.
These entities have staked over 10 million SOL tokens, placing them at the forefront in terms of staked token quantity.
The evaluation of validator nodes is based not only on their staking scale but also on their commission rates. The commission represents the percentage of staking rewards that the validator node retains before distributing earnings to delegators.
Forward's 0% commission means that all rewards go directly to the stakers, while higher commissions reduce their earnings.
In contrast, the largest operator, Binance Staking, which holds 13.9 million SOL, charges a 1% commission to delegators, while staking service providers Figment and Ledger by Figment charge a 7% commission.
Among the top ten validators, Coinbase has the highest commission rate at 8%, which significantly reduces returns for delegators among the top validators.
However, the 0% commission may be a growth strategy rather than a permanent setting. Running a validator node incurs infrastructure costs, and the company may raise its commission rate after achieving a sufficiently large staking volume.
Related: Solana ETP inflows exceed $500 million, CME open interest surges, could SOL hit new highs?
Original article: “Forward Industries Launches Solana Validator Node, Nearly $1.7 Billion SOL Staked”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
