Twinstake APR Forecast July 2025

Ethereum (ETH)

• Ethereum staking activity accelerated significantly following the successful Pectra upgrade on May 7th, 2025, resulting in a 4.5% increase in staked ETH and heightened anticipation of SEC approval for a spot staked-ETH ETF.
• ETH APR is expected to stay within the current 3.00-3.10% range, with a smaller proportion of that coming from the consensus layer rewards.

Solana (SOL)

• Solana’s inflation rate slipped toward 4.42% from 4.62% over Q2; Jito MEV yield steadied around 70–90 bps, resulting in the total staking APR remaining at 7.75% despite an increase in staked SOL.
• APR over Q3 is expected to decrease from 7.75% to 7.30% due to the systematic decrease in inflation rewards.

Toncoin (TON)

• Daily transactions peaked notably at approximately 18K TON at the end of June, significantly above the three-month average of around 5.7K transactions per day. However, this activity has slowed recently. This, coupled with increased staking volume, is expected to result in a corresponding decline in the staking APR.
• TON APR is expected to drop to 4.33% from the 4.62% achieved at the end of Q2.

Polygon (POL)

• POL 2.0 is set to reduce annual emissions from 1.5% to 1%, resulting in a 33% decrease in validator rewards unless a drop in total stake mitigates the impact.
• At the end of Q2, the staking reward rate on Polygon was 3.81%.

Near (NEAR)

• Following a recent network upgrade, withdrawal wait times are now 21-28 hours, down from 36-48 hours previously. 
• A recent proposal, still being voted on, may halve inflation from 5% to 2.5% cutting staking rewards in half, which may be somewhat offset by a drop in the staking ratio.
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Disclaimer: Twinstake does not provide staking services to retail customers. This briefing note is not intended as a promotion, offer, invitation or solicitation for the purchase or sale of any investment, nor is it intended to give rise to any other legal relations whatsoever and must not be relied upon for the purposes of any investment decision.  It does not constitute financial, legal, or investment advice. If you do not have the relevant professional experience in matters relating to crypto asset investments, you should not consider this briefing note to be directed at you. This briefing note and the information in it is not directed at, or intended to be made available to, retail customers.  It is directed only at persons who are professional investors (for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (known as ‘AIFMD’); professional clients or eligible counterparties for the purposes of the Markets in Financial Instruments Directive (Directive 2004/39/EC) (known as ‘MiFID’); if you are in the UK, to “Investment Professionals” or “High Net Worth Companies” as defined in s.19 and s.49 respectively of the Financial Promotions Order, or as otherwise defined under applicable local regulations and at whom this briefing note and the information in it may lawfully be directed in any relevant jurisdiction.  

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It is critical to understand that staking APRs can fluctuate due to various factors, including but not limited to: market volatility (changes and in market conditions which can materially impact staking rewards), network changes (modifications, upgrades, or forks in the blockchain network may affect staking returns), inflation rates (certain digital assets incorporate inflation mechanisms that can influence staking rewards over time), validator performance (staking rewards depend on the performance and reliability of the validators or nodes to which assets are staked. Suboptimal performance or downtime can diminish returns) and protocol adjustments (blockchain protocols may adjust staking reward rates, which can impact projected APRs, regulatory changes (legislative or regulatory developments can affect the staking ecosystem and associated rewards).

Historical performance does not guarantee future outcomes. The provided APR projections should not be construed as a guarantee of future earnings. Actual staking rewards will vary. Engaging in staking digital assets involves inherent risks, including the potential loss of the principal amount staked. Due diligence and comprehensive risk assessment are essential before participating in staking activities.

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Twinstake shall have no liability for any loss or damage that may arise directly or indirectly from the use of, reliance, or for any errors or omissions in the information provided in these projections.

By participating in staking, you acknowledge that you have read, understood, and accepted this disclaimer.

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