Golden Finance reports that the TVL of BNSOL, the liquid staking token for Solana launched by Binance, recently surpassed $1 billion, accounting for over 10% of the total market value of all liquid staking tokens on Solana. This progress for BNSOL is primarily driven by the expansion of the Solana ecosystem, with its liquid staking ratio expected to more than double in 2024, with a market value estimated at $8 billion. Over 4.8 million SOL are staked in BNSOL, making it the largest exchange-supported liquid staking token for SOL. Jeff Li, Vice President of Binance Products, stated: "In just three months, the TVL of BNSOL has exceeded $1 billion, reflecting the tremendous market demand for BNSOL. The integration of BNSOL with various products on the Binance platform and DeFi protocols has been a key factor in driving the token's popularity."