Solana's staking market value briefly surpassed Ethereum, while Lido's high liquidity stake raises concerns about centralization

On April 21st, according to Cointelegraph, the total value of SOL tokens pledged by Solana Network briefly surpassed the market value of ETH pledged by Ethereum. On chain data shows that there are 505938 independent wallets staking SOL worth $53.9 billion on the Solana network, with an annualized return rate of 8.31%; There are a total of 34.7 million ETH participating in staking on the Ethereum chain, worth 53.93 billion US dollars. The high verification threshold of 32 ETH (approximately $50000) has led to a large number of stakers shifting from node staking to liquidity staking protocols, which is a key reason for the decrease in pure staking on the Ethereum chain. Currently, approximately $21.5 billion of funds on the Ethereum chain are involved in liquidity staking, with Lido alone accounting for 88% of the market share, exacerbating concerns about Ethereum centralization. Ethereum developers are exploring solutions to promote decentralized staking.