Gm Ledger Community! Let’s take a look at how the Ledger by Figment Solana validator performed from October through December 2024. We’re proud to be one of the biggest independent staking providers on Solana, helping secure the network while earning rewards for our users.
When evaluating validator performance, we look at trends over longer time periods rather than just a few days. This gives us more meaningful data since factors like transaction fees naturally fluctuate daily. Looking at extended performance helps provide a clearer picture of our overall effectiveness.
The network average refers to the average performance across all 1,400+ active Solana validators. Each validator can earn different rewards based on their setup, effectiveness, and whether they participate in MEV opportunities.
Q4 Metrics:
- ~80% of SOL Circulating Supply is staked (Solscan.io Solana Staking)
- The Ledger by Figment validator average Staking Rewards Rate (SRR) throughout Q4 was 8.15%, 24% higher than the network average* SRR of 6.41%
- Voting Effectiveness: 99.5%
- The percentage of correct votes, modulated by its latencies. (*over the past 30 days – source)
Don’t Leave SOL on the Table: The Real Cost of Inactive SOL
Let’s look at the numbers. If you held 100 SOL from October 1st through Q4 2024, you watched its value increase $36,322 to $47,315 – a 30% increase.
For context, staking 100 SOL via Ledger by Figment throughout Q4 of 2024 would have given an additional 4.8 SOL in staking rewards, versus simply holding those tokens for the same amount of time.
Here’s the reality:
- Inactive SOL is a missed opportunity to earn rewards
- Our validators consistently outperformed network averages by over 20% in Q4
- Solana stakers earned rewards while supporting the network
- You maintain full custody while earning rewards
True Solana supporters don’t just HODL – they participate. By staking with Figment, you’re not just earning SOL rewards; you’re actively contributing to the network’s security and decentralization.
The best part? Getting started takes minutes, not hours. View the full guide on how to get started today staking SOL via Ledger Live.
Solana Rewards
Let’s break down how the Ledger by Figment validator performed throughout Q4 (epochs 678 to 719).
During this time, you earned two different types of rewards: the “regular” inflationary rewards that come from helping secure the network and some extra rewards from Maximal Extractable Value (MEV).
Here’s the exciting part: Ledger by Figment validator crushed it this quarter! Stakers achieved an average staking rewards rate (SRR) of 8.15%, which is 24% better than the network average of 6.41%. A big reason for this awesome performance is the MEV rewards we mentioned, which we’ll explain in more detail next.
MEV on Solana
Throughout Q4 2024, we enhanced our staking rewards by using the Jito MEV marketplace, which proved to be a significant boost to our overall rewards. In fact, JitoMEV accounted for 24% of all rewards earned during this period.
Using Jito has been a key part of our strategy to maximize value for our stakers. These additional rewards, earned on top of standard staking returns, helped us consistently outperform the network average throughout Q4.
We’re committed to optimizing rewards while maintaining security and reliability. The strong performance we saw from implementing Jito demonstrates how we’re adapting to developments in Solana staking to deliver better returns for our stakers. This approach shows promising results for the future of staking rewards, and we’ll continue to evaluate and implement solutions that can benefit our staking community.
Stake SOL via Ledger Live
If you choose to stake with Figment via Ledger Live, you get the best of both worlds: Ledger’s industry-leading security and Figment’s proven validation expertise. You keep full control of your SOL while earning rewards and supporting the Solana network.
Staking is simple through the Ledger Live app, where you can easily manage your staked SOL and track your rewards. The collaboration between Ledger and Figment means you’re working with two trusted names in the industry to put your SOL to work.
As one of the largest non-custodial staking providers on Solana, Figment brings extensive experience to the table. We provide staking services to over 500+ institutional clients, including major players like asset managers, exchanges, wallets, foundations, and custodians. On Solana, Figment is one of the largest non-custodial staking providers of staked SOL. Ready to start staking SOL via Ledger Live? Start staking today.