币界网报道：Solana [SOL] staking is once again making headlines following a strong critique from a crypto venture capitalist. Dragonfly founder Haseeb Qureshi believes that the staking craze is a “meme” and a delusion that was originally thought to not help security. Staking involves locking or delegating tokens like SOL to validators to help them run the network. In return, validators or node operators receive “rewards” or staking returns, which they share with their delegators. The Problem with Staking: Inflation But here’s the thing — in all Proof of Stake (PoS) chains like Solana, Aptos [APT], Ethereum [ETH], etc., staking is primarily controlled by 12 validator companies. Qureshi argues that only Ethereum does better in terms of security because it has home stakers. As a result, the current security model is highly concentrated among a select group of validator companies. This centralization risk is at odds with the “network security” ethos of staking. He goes on to add that, moreover, he believes staking rewards are inflation and a tax that dilutes other holders who don’t stake. He added that right now, spot ETF issuers in the U.S. are driving yields to avoid dilution, not to secure the network.Solana co-founder Anatoly Yakovenko agreed with Qureshi.It is worth noting that Solana’s inflation rate is currently fixed at 5% per year and is closely tied to the rewards issued to validators. However, it adds more supply and puts SOL at risk of devaluation or dilution.In fact, an attempt by the community to reduce the inflation rate by 80% earlier this year was rejected by major validators.Now, some community members have expressed concerns about the imbalance and huge profit maximization of validators, causing applications providing staking services to compete for the scraps.In the fourth quarter of 2024, validator operators’ revenue hit an all-time high of $300 million, while overall staker revenue for the entire Solana ecosystem hit an all-time high of $1.59 billion.In the first quarter of 2025, staker revenue reached $1.54 billion, highlighting the strong demand for staking during the bull run. It remains to be seen how Solana will address its inflation issues and whether the PoS system will heed Qureshi’s call.