PANews reported on October 7 that according to official news, Binance Web3 Wallet announced that it has launched the Binance SOL staking service, which allows users to receive liquid staking tokens BNSOL by staking SOL. With BNSOL, users can continue to receive rewards while maintaining the flexibility to trade, borrow or use assets.

Earlier in early September, it was reported that Binance planned to launch the Solana staking product BNSOL before the end of September.