Coinbase Dominates Solana Staking with 41.63M SOL

Coinbase has disclosed that it is staking 41.63 million Solana (SOL) tokens, representing 9.72% of all SOL staked across the Solana network as of the second quarter of 2025.

The exchange's latest Solana validator operations report shows that Coinbase operates 23 validator nodes distributed across seven countries and regions, including the United States, the United Kingdom, Germany, Japan, and Singapore.

This geographic spread is notable, as it reflects an effort to decentralize validator operations and mitigate risks associated with jurisdictional concentration.