BNSOL of Binance exceeds $1 billion TVL, accounting for 10% of Solana's liquidity staking market
BNSOL, Binance's liquidity staking token, has achieved a total value locked (TVL) exceeding $1 billion in just three months since its launch. This achievement corresponds to over 10% of the total market capitalization of liquidity staking tokens on Solana, which is currently at $9 billion.
With over 4.8 million SOL being staked, BNSOL stands out as a key factor in the expanding liquidity staking trend of Solana. The strong development of BNSOL is driven by its integration on the Binance platform as well as DeFi protocols, improving usability for users in trading, lending, and liquidity farming.
Launched in September 2024, BNSOL has quickly been integrated into over 20 other Web3 projects and protocols. Features that enhance the appeal of BNSOL include the release of Super Stake airdrop and events increasing APR interest rates, occurring in parallel with the expansion of the Solana ecosystem.
