What is the Solana network?

Solana is an open-source, public blockchain that supports smart contracts, peer-to-peer tokens (NFTs), and a wide range of decentralized applications. Coin is a native of the Solana SOL network, which, in addition to the role of exchanges, is also used to secure the network through staking or depositing. Solana network has the ability to process 50 to 65 thousand transactions per second. For this reason, it considers itself a serious competitor for Ethereum.

What is staking?

If a cryptocurrency you own allows staking — current options include Ethereum, Tezos, Cosmos, Solana, and Cardano — you can “stake” some of your holdings and earn a percentage-rate reward over time.

The reason your crypto earns rewards while staked is because the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process.

Methodology

• All charts are from a week ago until now

• The solana.core.fact_stake_pool_actions and solana.core.ez_staking_lp_actions table is used to extract data

• For the stake of the filter

  action ilike '%deposit%'
  

• To unstake from the filter

(action ilike '%withdraw%' or action ilike '%unstake%')

• Items that were analyzed→

1- Stake and unstake quantities

2- Daily comparison of stake and unstake quantities

3- Comparison of stake and unstake quantities in terms of new pools in the last 7 days

4- Daily comparison of stake and unstake quantities in terms of new pools in the last 7 days

5- Top 10 stakers and top 10 unstakers in terms of number of transactions and volume

6- Top 10 validators

Daily comparison

• The highest stake was on November 9 and the highest unstake was on November 10, and also the trend of stakers increased and gradually decreased in the middle of the week.

• Since November 7th, we have seen the growth of unstake volume compared to stake, and on November 10th, this growth intensified

• The number of unstakes grew more than the number of stakes on November 10

• The number of unstakers grew more than the number of stakers on November 9

• The highest number of stakers was on November 8 and the highest on November 10
• In terms of the number of wallets, unstake with around 60% and stake with around 40%

• The highest average stake volume was on November 8 and the highest average unstake volume was on November 10
• In terms of volume, unstake was around 88% and stake was around 12%

Pools

• The highest average unstake volume was for the jpool pool and the highest average stake volume was for the marinade pool

• The highest volume of unstake was for the lido pool and the highest volume of stake was for the marinade pool

• The largest number of unstakers was for the marinade pool and the most stakers were for the lido pool

• The highest number of unstakes was for the lido pool and the highest stake was for the marinade pool

• The percentage of stake transactions was around 43% and the percentage of unstake transactions was around 57%
• The percentage of stake volume was around 11% and the percentage of unstake volume was around 89%

Stake by different pools on a daily basis

Unstake by different pools on a daily basis

Top 10 stakers

• E9Y6****DZ9P wallet had the highest number of stake transactions
• UefN****kP5Q wallet had the largest stake volume

Top 10 unstakers

• E9Y6****DZ9P wallet had the highest number of unstake transactions
• 2KEt****vhh1 wallet had the largest unstake volume

Findings and conclusion

Stake and unstake status→

• The percentage of stake transactions was around 43% and the percentage of unstake transactions was around 57%
• The percentage of stake volume was around 11% and the percentage of unstake volume was around 89%

• The highest stake was on November 9 and the highest unstake was on November 10, and also the trend of stakers increased and gradually decreased in the middle of the week.
• The highest number of stakers was on November 8 and the highest on November 10
• In terms of the number of wallets, unstake with around 60% and stake with around 40%
• The highest average stake volume was on November 8 and the highest average unstake volume was on November 10
• In terms of volume, unstake was around 88% and stake was around 12%
• Since November 7th, we have seen the growth of unstake volume compared to stake, and on November 10th, this growth intensified
• The number of unstakes grew more than the number of stakes on November 10
• The number of unstakers grew more than the number of stakers on November 9

Pools →

• The highest number of unstakes was for the lido pool and the highest stake was for the marinade pool
• The largest number of unstakers was for the marinade pool and the most stakers were for the lido pool
• The highest volume of unstake was for the lido pool and the highest volume of stake was for the marinade pool
• The highest average unstake volume was for the jpool pool and the highest average stake volume was for the marinade pool

Stake by different pools on a daily basis →

• The highest number of stakes was on November 8 and for the marinade pool
• The largest number of growth stakes was for the marinade pool
• The highest number of stakers was on November 9 and for the marinade pool
• The greatest growth in the number of stakers was for the marinade pool
• The largest stake volume was on November 8 for the marinade pool
• The largest growth in stake volume was for the marinade pool
• The highest average volume for the lido pool was on November 12

Unstake by different pools on a daily basis →

• The highest number of unstakes was on November 10 and for the lido pool
• The largest increase in the number of unstakes was for the lido pool
• The highest number of unstakers was on November 10 and for the lido pool
• The greatest growth in the number of unstakers was for the marinade lido
• The largest unstake volume was on November 10 for the lido pool
• The largest growth in unstake volume was for the lido pool
• The highest average volume for the jpool pool was on November 8

Top 10 stakers→

• E9Y6****DZ9P wallet had the highest number of stake transactions
• UefN****kP5Q wallet had the largest stake volume

Top 10 unstakers→

• E9Y6****DZ9P wallet had the highest number of unstake transactions
• 2KEt****vhh1 wallet had the largest unstake volume

Top 10 validators →

• validator: figment has been the largest target of stake volume
• validator: 5ayc1goarcvyhma6z5rttxbqk9xjbejlqg9v2yr9hbbr the largest unstake volume target

Conclusion→

It seems that since November 8 and the time of the market crash, and the strange fall of SOL, the unstake trend has accelerated and wallets are withdrawing their money

written by :writing_hand:

Discord ID: Sal☰h#1747

email : saleh.mz@gmail.com

The dashboard link has been tweeted

Top 10 validators

• validator: figment has been the largest target of stake volume
• validator: 5ayc1goarcvyhma6z5rttxbqk9xjbejlqg9v2yr9hbbr the largest unstake volume target

• The highest number of stakes was on November 8 and for the marinade pool
• The largest number of growth stakes was for the marinade pool

• The highest number of stakers was on November 9 and for the marinade pool
• The greatest growth in the number of stakers was for the marinade pool

• The largest stake volume was on November 8 for the marinade pool
• The largest growth in stake volume was for the marinade pool

• The highest average volume for the lido pool was on November 12

• The highest number of unstakes was on November 10 and for the lido pool
• The largest increase in the number of unstakes was for the lido pool

• The highest number of unstakers was on November 10 and for the lido pool
• The greatest growth in the number of unstakers was for the marinade lido

• The largest unstake volume was on November 10 for the lido pool
• The largest growth in unstake volume was for the lido pool

• The highest average volume for the jpool pool was on November 8