According to Foresight News, a new report released by Bybit suggests that the Solana blockchain is undergoing a transformation, driven primarily by its liquidity staking model. The report analyzes the current status of liquidity staking on Solana and the market leaders, especially the rise of exchange-backed liquidity staking tokens (LST), and analyzes how the liquidity staking model can attract more people to join the Solana ecosystem.

Solana has become the first choice for Memecoins, grassroots projects, and other DeFi protocols in 2024. However, due to its current market size and influence, Solana has not been included in the mainstream capital market. With the entry of LST backed by exchanges including Bybit bbSOL, the new development model will lead the trend of Solana liquidity staking, which is expected to change the status quo.