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Solana Liquid Staking Hits Record 57M SOL—13.65% of 418M Staked

According to a report, SOL locked in liquid staking tokens reached an all-time high of 57 million, accounting for 13.65% of the 418 million SOL staked on the Solana network.

SOL

Summary

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Terms & Concepts
  • Liquid staking: A staking method where users receive transferable derivatives representing staked assets, maintaining liquidity while earning staking rewards.
  • Liquid Staking Tokens (LSTs): Tokens issued for staked assets that can be traded or used in DeFi while the underlying remains staked.
  • Staked SOL: SOL tokens locked on the Solana network to help secure the blockchain and earn staking rewards.