According to BlockBeats, Stepan Simkin, the co-founder of Squads Labs, a developer of multi-signature management tools in the Solana ecosystem, announced on June 22 that over a million SOL tokens have been staked through Squads' smart accounts.
Squads Labs is a key player in the Solana ecosystem, providing essential tools for managing digital assets. The recent announcement by Simkin indicates a significant milestone for the company and the Solana ecosystem as a whole.
The staking of SOL tokens through Squads' smart accounts demonstrates the growing trust and adoption of the platform's services. This development is a positive sign for the future growth and expansion of the Solana ecosystem.