Solana Surpasses Ethereum in Staked Value
On April 20, 2025, Solana (SOL) officially overtook Ethereum (ETH) in staking market capitalization. According to Nansen CEO Alex Svanevik, Solana’s staking market cap reached $53.96 billion, slightly edging out Ethereum’s $53.77 billion. The flip marks a symbolic shift in crypto dominance and highlights Solana’s ongoing momentum in the staking ecosystem.
Factors Contributing to Solana’s Rise Several reasons are fueling Solana’s growth:
•High Throughput, Low Fees: Solana’s fast transaction speeds and near-zero gas fees continue to attract devs and users looking for scalable solutions.
•DEX Volume Dominance: Solana is now leading the pack in decentralized exchange activity, with platforms like Pump.fun and Raydium generating massive daily volume.
•TVL Surge: With a Total Value Locked of $6.9B, Solana ranks second across all chains signaling serious on-chain activity and capital inflow.
Market Reactions and Trading Surge
Within hours of the announcement, Solana’s trading volume spiked 45%, clocking in over $2.3 billion in daily trades. The price of SOL briefly touched $148 before correcting slightly, showing that traders were quick to jump on the news.
Final Take
Solana flipping Ethereum in staking market cap isn’t just a flex—it’s a signal that the L1 wars are heating up. While Ethereum still leads in developer activity and institutional adoption, Solana’s low fees, fast settlement, and surging DeFi usage are making it a serious contender for the top spot in crypto infrastructure.
