Solana Increases Liquid Staking Rate
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Solana saw a 1.76% increase in its liquid staking rate.
Over $54 billion in crypto assets are staked on liquid staking platforms.
Solana's two-day withdrawal period may affect liquid staking popularity.
The fifth largest crypto asset by market size and the third blockchain network, Solana, saw a 1.76% increase in its liquid staking rate quarter-over-quarter.
According to DefiLlama, over $54 billion in crypto assets are staked on liquid staking platforms. Liquid staking, unlike traditional staking, allows users to earn extra returns and maintain liquidity with a derivative token for DeFi.
Dune Analytics data points to over 23 million SOL worth more than $3.6 billion invested in liquid staking platforms. Solana has a higher staking rate than Ethereum.
