Bitwise Reports Europe-Based Validators Control 72.8% of Solana Stake

Europe-based validators reportedly account for 72.8% of staked Solana $SOL, according to data cited by Bitwise.
The figure suggests substantial geographic concentration in the network's validator stake distribution, raising questions about infrastructure diversity and potential exposure to regional regulatory or operational disruptions.
However, validator location does not necessarily indicate where token holders reside or who ultimately controls delegated stake. Geographic classifications can also vary depending on the methodology used.
The reported concentration warrants further analysis alongside validator ownership, hosting providers and stake distribution. A high regional share does not by itself establish that the Solana network is centrally controlled.