Binance SOL Liquid Staking Token Hits $1 Billion TVL Milestone
Binance’s BNSOL, a Solana liquid staking token, has reached a major milestone, surpassing $1 billion in total value locked (TVL).
This achievement reflects over 10% of Solana’s liquid staking market cap and highlights the token’s growing popularity, driven by Solana’s expanding ecosystem and BNSOL’s high returns. With more than 4.8 million SOL staked, BNSOL stands as the largest exchange-backed SOL staking token. Integrated with over 20 Web3 projects, including Binance’s platform and wallet, it offers users trading, lending, and farming opportunities with zero staking fees until the end of 2024.
Binance plans to further enhance BNSOL’s reach in 2025 through deeper integration with the Solana ecosystem.
Clever Robot News Desk 20th December 2024
