Try Quests to earn SOLSolana Staking Trends
What is Solana?
Solana is one of the most popular cryptocurrencies among more than 10,000 that currently exist. The cryptocurrency platform is called Solana, while the individual unit is called a sol.
Created by Anatoly Yakovenko, Solana operates on a decentralized computer network using a ledger called blockchain. This blockchain database manages and tracks the currency, and effectively records every transaction that’s ever occurred in it, like a long running receipt. The computer network records the transactions in the currency and verifies the data’s integrity.
This decentralized setup makes the network more robust, and users can make transactions without the need of an intermediary. Solana calls itself the fastest blockchain in the world and touts its ability to verify 65,000 transactions per second at a cost of less than a penny each.
While many people think of crypto coins as only a currency, it’s useful to think of crypto as a token that can power or enable other apps on the platform. For example, Solana can power smart contracts, decentralized finance apps, NFTs and more. source
Why Does SOL Coin Have Value?
The SOL cryptocurrency plays a key role in maintaining and operating the Solana ecosystem.
Solana rewards validators and delegators with a portion of the newly minted SOL along with transaction fees based on the amount of SOL staked, the set inflation rate, and the complexity and amount of transactions on the network.
By owning SOL tokens, users can also access the suite of projects that have been built on the Solana network.
Similar to Ethereum, Solana enables developers to run custom smart contracts and design decentralized applications (dapps) to offer digitized products and services. Examples include Serum, an order-book style decentralized exchange service, and Raydium, an automated market maker (AMM) that provides liquidity to its ecosystem. source
In chart below we have the amount of sol staked from 2022. This chart does not have a visible trend because in some days has strong fluctuation like February 24 , on that day the amount of staked sol was around 2.34T which is a very large amount but some days like May 1 the amount was around 1B Which amount is very small compared to February 24
Here we have classification for amount of sol staked .
1 : It has the highest amount in this classification with 91 percent
In this group we have amount of staked sol between 0-1
Range 1-5 : The second rank in this category belongs to this group
Range 5k-10k : The last group was this group because the amount of staked sol in this group was start from 5k so that is very high amount so this group has the lowest value.
