P-Chain Explorer
Total Stake
The capital securing the Primary Network: validators' own stake and everything delegated on top of it.
Total Stake
Live setOwn + Delegated
own delegatedLoading…
Staking Ratio
of P-Chain supply, before burnsLoading…
Total stake read against the P-Chain supply, before burns, that the emission feed reports for the same day. The axis floats to magnify the drift — the range across the whole history is only a few points, and the drift is the signal.
Delegators
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How this is measured
Own stake and delegated stake are daily aggregates over the current validator and delegator sets, from the chain-metrics indexer. The stacked view keeps the two apart because they behave differently: own stake moves when operators join, leave, or restake; delegated stake follows retail sentiment and unlock schedules.
The staking ratio divides that total by the P-Chain supply the emission feed reports for the same day: the share of AVAX that is working as security. That supply takes no burn off, so the ratio reads a little below the staked share of the circulating supply. Days the two feeds don't share are dropped rather than interpolated.
The delegator count rides the same indexer. A rising count against flat delegated stake means smaller average positions — worth reading together, not separately.