INTRODUCTION

The Proof-of-Stake methodology is used by the Solana blockchain to protect its network and validate brand-new blocks. Staking Solana is the act of locking up your SOL tokens in order to get freshly released SOL payouts.

You may stake your SOL tokens to get rewards while promoting network security.

You can stake by handing over your tokens to the validators that run the network and process transactions. For token owners who keep their tokens for a long period, delegating stake is a financial strategy with shared risk and possible benefits. This is achieved by aligning the financial incentives of token holders (delegators) with the validators they delegate to. A validator is selected to write new transactions to the ledger more frequently the more stake that validator has been delegated.

SOL staking has often returned roughly 6% APY, however bear in mind that your net staking returns will also be affected by the validator commission and network inflation rate. Staking your Solana can be done in one of four ways: through a centralized exchange, by assigning it to an existing network validator, "liquid staking" it through a staking pool, or by operating your own network validator. We will go over the specifics of staking Solana using each strategy.

METHODOLOGY

This dashboard here primarily focuses on the staking event of the Solana network and so various parameters are investigated to get an overall idea of the same. Hence initially, the average, as well as the total or cumulative of the transaction count as well as the stakers in the network, are charted with the action type. Then the timely analysis of the same is also done with the actions so as to see how it got changed in recent days. The time chart followed is two weeks so that a clear idea of the very recent data along with the previous one could be obtained for better comparison. Then the swapping Defi activity is also charted with time to see if the same trend is followed by the same. Finally, the staking pools are also included and a trivial analysis is done so that to see if any particular pool shows some behavior with respect to the recent events. By visualizing all these, an ideal explanation and report could be made for the staking madness in Solana Network.

These Six pie diagrams are an important visualizations which infer the overall market of the Solana Staking.

Upon considering the Users and the transaction count it is seen that the Stake/Deposit action is the popular one which accounts for more or less 50% of the total events. Now upon coming to the stake volume, the order to unstake event is neither seen in total nor in the average volume which indicate that the other three actions are responsible for the volume handling while the order to stake is an add-on to the transactions which host the volume.

The chart indicates the timely analysis of the Stakers in the network of which it is seen that there is a hike in the users in the recent days which indicates that this is a result of the recent event in the network. The hike is seen in all kinds of users.

The transaction count in the Solana staking event is seen here and it is seen that there was a hike on November 10 , and then again the trend seems decreasing. But that hike accounted for a huge increase in the slope of the cumulative trend which almost shows an one to one relation.

The stake volume is seen here and it indicates that on November 10, the stake/deposit has dropped drastically while the unstake/withdraw has increased which is different from the usual trend.

This should be a prime impact of the recent event.

The swapping event is considered here and it is seen that the total swap volume does not have drastic change in the recent days.

The swappers and the swapping event are accounted for here but it is seen that there is also a hike in the swaps count on November 10 but the users remain the same. This indicates that the users have done more swapping events of small volume on that particular day while the trend has shown a decrease in the next day.

This chart is also a similar representation but the swaps from the SOL are seen to be more by the transactions. So more transactions for people who wish to get rid of SOL !!!!

The swappers as well as the volume is displayed here and this comparison of the staking event is vital so as to show that even though there is impact on the swapping event too. It is clear that more people wish to move their assets from the SOL token which is almost similar to more unstake events happening.

The pool which is mostly chosen by the users for their staking event is shown here and it is clear that the actions are more in Lido than others and all are withdrawals. The similar is also clear in the volume chart.

The time dependent analysis of the same is shown here and it is seen clearly the huge hike in the usage of the Lido Pool by the stakers in the Solana network which indicates two possibilities. One is such that the Lido pool had most of the assets and the users withdrawn from that or that the Lido pool is used for the withdrawal due to some reason. Another possibility of the recent event affected the Lido pool more than others is also not negligible.

The events as well as the success rate over time is charted here and indicates that there is a huge success rate on the November 10,1022.

The price of the SOL token is shown here for the last two weeks and it is seen that the price has gone down very drastically on November 10. This indicates that the recent events has huge impact on the Solana network.