Solana Staking: 74.6 Percent of SOL Is Delegated

Of the roughly 588.70 million Solana in circulation, 438.97 million sit in a delegation. That is 74.6 percent, and at the price of $110.20 on Friday midday it corresponds to a locked value of around $48.4 billion. The figure comes from our own query of the Solana mainnet in epoch 1052, not from a provider's disclosure. It answers three questions an investor can settle today: what a delegation actually yields, how long the money is tied up, and how many validators really decide over the network you entrust your SOL to.

How Much SOL Is Really Locked Today

Active stake is the sum of all SOL assigned to validator vote accounts. A query of the getVoteAccounts method on a Solana node returns it directly, without going through a data provider. On Friday midday the figure stood at 438,973,557 SOL, spread across 674 active validators. Eight further validators were flagged as delinquent, meaning behind on voting; only 31,896 SOL fell to them, a vanishing share.

What matters is the reference figure you calculate against. Total supply came to 635.46 million SOL, of which the network counted 46.76 million as not circulating, for instance because they sit in locked accounts. Against total supply, active stake works out at 69.1 percent; against circulating supply, 74.6 percent. Both numbers are correct, they simply answer different questions. For the yield calculation below, circulating supply is what counts, because only circulating SOL compete for the rewards paid out.