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Where & how to stake Solana (SOL)

Earn up to
6% APY

What you'll learn

  1. 1

    How to stake Solana (SOL)

    An in-depth guide on how to stake Solana (SOL)

  2. 2

    Statistics about Solana staking

    We have a lot of data on staking Solana (SOL) and we share some of this with you.

  3. 3

    Other coins you can stake

    We show you some staking options with other coins that could be of interest.

Introduction

Staking Solana can be a great option for those who want to hold SOL but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

  1. 1. Obtain Solana (SOL) tokens

    In order to stake Solana, you need to have it. To obtain Solana, you'll need to purchase it. You can choose from these popular exchanges.

  2. 2. Choose a Solana wallet

    Once you have SOL, you’ll need to choose a Solana wallet to store your tokens. Here are some good options.

    PlatformCoinStaking rewards
    BitpandaSolana (SOL)Up to 6% APY
    YouHodlerSolana (SOL)Up to 6% APY
    UpholdSolana (SOL)Up to 5.5% APY
    Validator.comSolana (SOL)Up to 6.79% APY
    BitmartSolana (SOL)Up to 7% APY
    LedgerSolana (SOL)Up to 5% APY
    See all 27 staking rewards
  3. 3. Delegate your SOL

    We recommend using a staking pool when staking SOL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SOL, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

  4. 4. Start validating

    You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Solana network. You’ll be rewarded with SOL for these validations.

What to be aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest movements

Solana (SOL) is currently priced at $5 with a 24-hour trading volume of $2.31B. The market cap of Solana stands at 67.09B, with $469.54M SOL in circulation. For those looking to buy or trade Solana, Bitpanda offers avenues to do so securely and efficiently.

Market cap
$67.09B
24h Volume
$2.31B
Circulating supply
$469.54M
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