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Extra · Bitwise Q3 2026 Staking Report
Bitwise's quarterly staking report covers six networks — Ethereum, Solana, Hyperliquid, Avalanche, NEAR and Tempo — and lands on one theme: across almost every chain, blockspace got cheaper, activity went up, and fee revenue went down. The revenue decline is mostly protocol design rather than lost demand, which matters for anyone underwriting staking yield, since it changes where that yield comes from. Institutional participation, meanwhile, became measurable for the first time — record ETH staked on ETF and treasury inflows, Coinbase and Circle staking HYPE, S&P DJI licensing the S&P 500 to…
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