Coinbase Stakes Big on Solana, Dominating 9.72% of Network

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.

This significant institutional participation comes from Coinbase's latest Solana validator operations report, offering a rare glimpse into the scale of institutional involvement in the network's proof-of-stake ecosystem.

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.