Close Menu
Cryprovideos
    What's Hot

    Rising Markets and De-Dollarization: A Shift in International Monetary Dynamics

    June 8, 2025

    Bitcoin Worth Approaches $106,000 As Resurgence Continues — However Watch Out For This Degree | Bitcoinist.com

    June 8, 2025

    To Reap Tokenization's Advantages, Accredited Investor Guidelines Ought to Be Revamped: Robinhood Crypto GM – Decrypt

    June 8, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Binance's BNSOL Surpasses $1 Billion in TVL, Capturing 10% of Solana’s Liquid Staking Market
    Binance's BNSOL Surpasses  Billion in TVL, Capturing 10% of Solana’s Liquid Staking Market
    Altcoins

    Binance's BNSOL Surpasses $1 Billion in TVL, Capturing 10% of Solana’s Liquid Staking Market

    By Crypto EditorDecember 19, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Binance’s Solana liquid staking token, BNSOL, has achieved a major milestone, surpassing $1 billion in Whole Worth Locked (TVL) simply three months after its launch.

    This determine represents over 10% of Solana’s liquid staking tokens’ complete market capitalization, which at the moment stands at $9 billion.

    BNSOL Emerges as Liquid Staking Powerhouse

    With greater than 4.8 million SOL staked, BNSOL has emerged as a distinguished participant within the increasing Solana liquid staking sector. The token has change into the biggest exchange-backed SOL liquid staking token and a favourite amongst Binance customers.

    Binance attributed the token’s success to its integration throughout its platform and decentralized finance (DeFi) protocols, which improve its utility for buying and selling, lending, and liquidity farming.

    Binance Staked SOL TVL
    Binance Staked SOL TVL. Supply: DefiLlama

    Launched in September 2024, BNSOL has rapidly built-in into over 20 Web3 initiatives and protocols. These embrace Binance’s centralized change and Binance Pockets, providing customers alternatives for buying and selling and collateral use whereas having fun with low gasoline charges and 0 staking charges via the tip of 2024.

    Options corresponding to Tremendous Stake airdrops and APR-boosting occasions have additional enhanced its attraction. BNSOL’s development coincides with the growth of Solana’s ecosystem, which noticed its liquid staking ratio double in 2024.

    “BNSOL’s adoption and utility, each inside and past Binance’s ecosystem, stay a prime precedence. By partnering with over 20 protocols and serving numerous customers, from massive establishments to retail shoppers, we’ve enabled holders to maximise their incomes potential,” Jeff Li, VP of Product at Binance informed BeInCrypto.

    She famous the collaboration between Binance’s group and Solana’s on-chain ecosystems as a key driver of mutual development.

    A Broader Impression on Solana’s Ecosystem

    BNSOL’s development displays broader developments in Solana’s growth. The community has expanded into areas corresponding to stablecoins, decentralized finance (DeFi), and decentralized bodily infrastructure networks (DePIN). Binance’s deal with supporting customers with superior staking options has positioned BNSOL as a frontrunner on this ecosystem.

    Wanting forward, Binance plans to construct on BNSOL’s success by deepening its collaboration with the Solana community. The corporate has introduced plans for extra APR-boosting airdrops, expanded protocol integrations, and the event of latest use circumstances for liquid staking tokens in 2025.

    BNSOL’s rise alerts a rising demand for accessible, utility-driven staking options. By leveraging Binance’s ecosystem and Solana’s community, the token has set a brand new normal for liquid staking tokens. As Solana’s ecosystem continues to evolve, BNSOL’s function in shaping the way forward for staking is prone to develop.

    Disclaimer

    In adherence to the Belief Challenge tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed info. Nonetheless, readers are suggested to confirm details independently and seek the advice of with knowledgeable earlier than making any selections based mostly on this content material. Please observe that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    To Reap Tokenization's Advantages, Accredited Investor Guidelines Ought to Be Revamped: Robinhood Crypto GM – Decrypt

    June 8, 2025

    New Bitcoin Layer 2 Presale Soars Previous $700K – Greatest New Crypto Coin to Purchase Now?

    June 8, 2025

    Shiba Inu (SHIB) Sees Intense Battle vs TON and XRP Rival

    June 8, 2025

    Larger than Coca-Cola? If Tether went public, it might attain a $515B valuation

    June 8, 2025
    Latest Posts

    Bitcoin Worth Approaches $106,000 As Resurgence Continues — However Watch Out For This Degree | Bitcoinist.com

    June 8, 2025

    Michael Saylor teases recent Bitcoin purchase after $1B inventory providing

    June 8, 2025

    New Bitcoin Layer 2 Presale Soars Previous $700K – Greatest New Crypto Coin to Purchase Now?

    June 8, 2025

    Bitcoin Leveraged Merchants Are Again Betting On A Value Decline — What This Means

    June 8, 2025

    $14M Vanishes in Recent Assault on Bitcoin-Based mostly DeFi Protocol

    June 8, 2025

    Bitcoin At A Crossroads: $97,000 Value Foundation Holds Key To Subsequent Breakout

    June 8, 2025

    Analyst Unveils New All-Time Excessive Worth Goal for Bitcoin This Month, Says New Bubble Brewing in Crypto – The Day by day Hodl

    June 8, 2025

    Bitcoin Rebound From $100,000 – Wholesome Pullback Or Begin Of Deeper Correction?

    June 8, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    FBI Cracks Down on Crypto Rip-off, Prevents $285 Million in Losses

    February 15, 2025

    Crypto Replace | Why Macro Markets May Be Overreacting to Inflation Information

    February 10, 2025

    The Bybit $1.4 Billion Hack: What Occurred and What It Means for Crypto

    February 23, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.