Solana

Read

Billion

<ul class="wp-block-list news-points">
 <li><strong>Solana Liquid Staking Tokens reach a $5.67 billion market cap.</strong></li>
 <li><strong>JitoSOL dominates Solana’s liquid staking with a 42.9% market share.</strong></li>
 <li><strong>The liquid staking ratio on Solana rises to 8.10%, an all-time high.</strong></li>
</ul>
<p>Solana’s liquid staking ecosystem has skyrocketed, hitting a $5.67 billion market cap. With a liquid staking ratio of 8.10%, Solana’s liquid staking sector continues to set new records. The uptick in the network has led to a surge in staking token, JitoSOL, which currently holds a nearly 43% market share.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING: The Total Market Cap of <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Solana</a> Liquid Staking Tokens (LSTs) surges to $5.67 billion, a new all-time high.<br><br>Top LSTs by market share:<br><br>• $JitoSOL: 42.9% <br>• <a href="https://twitter.com/search?q=%24mSOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$mSOL</a>: 16.8% <br>• <a href="https://twitter.com/search?q=%24jupSOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$jupSOL</a>: 12% <a href="https://t.co/CUwy1VMvwq" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/CUwy1VMvwq</a></p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1854471816896753838?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p class="has-text-align-center"><strong>Read also: <a href="https://coinedition.com/solana-pushes-past-bnb-to-4th-spot-with-87-9b-cap-doge-battles-xrp-for-7th/" rel="noopener noreferrer nofollow">Solana Pushes Past BNB to 4th Spot With $87.9B Cap, DOGE Battles XRP for 7th</a></strong></p>
<h2 class="wp-block-heading" id="h-liquid-staking-s-appeal">Liquid Staking’s Appeal</h2>
<p>Liquid staking lets stakers lock their assets while retaining the option to trade them. This enhances flexibility and can increase staking returns. In addition to JitoSOL, other notable tokens are Marinade’s mSOL, with a 16.8% share, and jupSOL with 12%. This increase …</p>
<p>The post <a href="https://coinedition.com/solanas-liquid-staking-surges-to-5-67-billion-market-cap-jitosol-leads-the-way/" rel="noopener noreferrer nofollow">Solana’s Liquid Staking Surges to $5.67 Billion Market Cap, JitoSOL Leads the Way</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Solana’s Liquid Staking Surges to $5.67 Billion Market Cap, JitoSOL Leads the Way

Table of Contents

Coin Edition

Other articles published on Nov 7, 2024

Hong Kong Expands Tax Incentives to Include Virtual Assets, Targeting Institutional Investors

UK Pension Fund Embraces Bitcoin with 3% Fund Allocation

MAGA Hat Price Prediction: MAGA Plunges 37% After Donald Trump Victory, But This PolitiFi Rival C...

Kaspa’s On-Chain Metrics Explode – Will KAS Price Do the Same?

Whale Activity on Two Altcoins: They’re Selling!

Telegram is becoming a one-stop app like China’s WeChat — Bitget CEO

Join our free newsletter for daily crypto updates!