Solana's Liquid Staking Ecosystem Skyrockets, Hitting a $5.67B Market Cap
With a liquid staking ratio of 8.10%, Solana's liquid staking sector continues to set new records.
Solana's liquid staking ecosystem has reached a new milestone with a total market capitalization of $5.67 billion, hitting a record high. This marks a significant achievement for the network, showcasing the growing adoption of liquid staking services among Solana users.
According to data from Staking Rewards, Solana's liquid staking ratio stands at 8.10%, indicating a high level of participation in this sector. The network's unique consensus mechanisms and low transaction fees make it an attractive option for staking, offering users the opportunity to earn rewards while contributing to the security of the blockchain.
As a reminder, this type of staking allows users to lock their assets in a smart contract to earn staking rewards, while also receiving a derivative token that represents their staked assets. These derivative tokens, known as "liquid staking tokens" (LSTs), can be traded, used as collateral in DeFi protocols, or used for other purposes without affecting the staked assets.
Among the Solana liquid staking tokens, JitoSOL leads the market with a dominant share of 42.9%, followed by Marinade's mSOL with 16.8%, and jupSOL with 12%. This lineup of tokens reflects the strong presence of JitoSOL in the network's liquid staking sector.
Solana's overall market capitalization also surged to a new all-time high, reaching $87.9 billion. This surge is accompanied by a notable increase in the network's adoption and transaction volume, further boosting the ecosystem's growth.
As more users opt for liquidity-focused staking alternatives, the rising liquid staking ratio is expected to drive the adoption of staking on Solana. This ecosystem is poised for continued expansion, catering to the evolving demands of the crypto community.
The above is the detailed content of Solana's Liquid Staking Ecosystem Skyrockets, Hitting a $5.67B Market Cap. For more information, please follow other related articles on the PHP Chinese website!
Blackrock Pushes Bitcoin Into Spotlight: Could Be Too Risky Not to Own Any in Today's MarketMay 05, 2025 am 11:46 AMRobbie Mitchnick, head of digital assets at Blackrock, the world's largest asset manager, emphasized during the Token2049 crypto conference that institutional views on bitcoin could dramatically shift
Early Shiba Inu Investors Hit Jackpot—Now Eyes Are on Arctic Pablo CoinMay 05, 2025 am 11:44 AMWe've all heard the story by now—the incredible rise of Shiba Inu. The meme coin that started as a fun, light-hearted alternative to Dogecoin became one of the most talked-about and profitable cryptocurrencies of its time.
Solana (SOL) Price Rebound Holds Above $150 as CME Prepares to Launch XRP FuturesMay 05, 2025 am 11:42 AMThe Solana price rebound is holding above $150 after recent losses, offering signs of recovery.
Ruvi (RUV) Blazes a Trail Through May 2025, Trading at an Impressive $96,856 and Carrying Strong Forecasts of Reaching Anywhere from $250,000 to $700,000 by the End of the YearMay 05, 2025 am 11:40 AMRuvi's presale isn't just about speculating; it's about making early gains your reality. Here are examples of its incredible earning potential based on various investment levels:
![Dogecoin [DOGE] saw a 33.5% decrease in trading volume in the past 24 hours](https://img.php.cn/upload/article/001/246/273/174641630633814.jpg?x-oss-process=image/resize,p_40)
Dogecoin [DOGE] saw a 33.5% decrease in trading volume in the past 24 hoursMay 05, 2025 am 11:38 AMDOGE saw a 33.5% decrease in trading volume in the past 24 hours, at the time of writing. This could be a weekend effect, when trading volume tends to fall
Binance Coin (BNB) is Buzzing as it Hovers Around the $600 Mark. Analysts Predict a Potential Bullish Climb.May 05, 2025 am 11:36 AMThis innovative blockchain solution is grabbing attention, offering not just token utility with cutting-edge artificial intelligence but a jaw-dropping VIP presale program
Dogecoin (DOGE) Price Surged 2.3% to Breach the $0.17 ResistanceMay 05, 2025 am 11:34 AMDogecoin (DOGE) surged 2.3% over the last 24 hours to breach the $0.17 resistance amid renewed optimism around Bitcoin ETF-driven inflows.
Qubetics (TICS) Is Rewriting Web3 Development — And Its Presale Is About to ExplodeMay 05, 2025 am 11:32 AMTrying to time the crypto market can feel like chasing shadows—but when the signals line up and the volume starts flowing, it's the weekend picks that often pack the most explosive moves.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Notepad++7.3.1
Easy-to-use and free code editor
SublimeText3 Mac version
God-level code editing software (SublimeText3)
Dreamweaver Mac version
Visual web development tools
VSCode Windows 64-bit Download
A free and powerful IDE editor launched by Microsoft
SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.
