According to Odaily, data from Dune indicates that since the beginning of May, the total market value of Solana's on-chain liquid staking tokens (LST) has risen from $2.72 billion to approximately $4.3 billion. The market shares of these tokens are distributed among jitoSOL, mSOL, and bSOL.
JitoSOL holds the largest share with 43.5% of the market, followed by mSOL with a 21.4% share, and bSOL with a 10.4% share. This significant increase in market value demonstrates the growing interest and investment in Solana's on-chain liquid staking tokens.
The rise in the market value of these tokens is a positive sign for Solana, indicating increased investor confidence and a growing market for its on-chain liquid staking tokens. However, it's important to note that the market dynamics can change rapidly, and investors should always conduct thorough research before making investment decisions.
