The market share of the top three LST staking platforms on Solana has dropped to 68.7%, and the market structure is becoming more diversified.

Odaily Planet Daily News 21.co Strategy Analyst Tom Wan wrote on X that Solana on-chain liquidity pledge is booming: -The liquidity pledge ratio increased by 1.76% quarter-on-quarter; -The number of LSTs reached 53, nearly doubling from the previous quarter; -The market landscape is more diversified: the market share of the top three LSTs (jitoSOL, mSOL, bSOL) dropped from 93% to 68.7%, and the market share of the top five LSTs reached 84%. He added that Sanctum has become a key catalyst, and the launch of INF, Sanctum Router and Sanctum Reserve has lowered the entry threshold for users, laying the foundation for the outbreak of liquidity pledge on Solana chain.