Why only around 5% ?
Some ppl are not staking ?
Like 48% of the ppl are not staking ?? Or maybe even more, since the 10% should actually be a buit more like 10.5 or 11% since it's composed interest.
I suspect that some are not staking and some just don't leave their PC's running 24/7 staking.
The numbers likely account for "PC OFF times" and exchange "float" and perhaps a few longs that just don't care about the 10% stake.