BNSOL climbs to No. 2 in Solana liquid staking with $901m TVL
The BNANCE BNSOL quietly captures the Solana’s liquid development market, reaching second place in domination only after launch
Binance quietly wins domination in Solana (GROUND) Liquid stall market. According to Dune Analytics, after only six months of launch, BNSOL de Binance reached a market share of 21.4%. This puts the total value bnsol locked at 8.4 million $ 901 million. According to this measure, BNSOL is second behind Jito, who controls 42.7% of the market.
A probable engine of this rapid growth is the deep integration of BNSOL with the Binance ecosystem and various DEFI protocols. The token is accessible thanks to the centralized exchange of Binance and the portfolio, allowing users to win stimulation rewards while maintaining liquidity. Traders can use BNSOL for trading, loans and guarantee without having implemented their soil assets.
Solana’s liquid act of liquid reached 12.8%
The growth of the popularity of liquid in Solana also played a role, a figure that was constantly increasing. According to blockworks, the liquid installation report on Solana increased to 12.8%double compared to the previous year. Blockworks gives slightly different figures on the domination of liquid jalitude, placing the BNSOL at 18%and jitosol at 38%, while Msol de Marinade holds a share of 16.8%.
At the same time, the ignition ratio on Solana remained 62%, which indicates the confidence of investors in the project. In particular, unlike liquid jalée tokens, Solana Jalés’ tokens only give rewards if users lock them for a given period. This effectively locks soil token from food in circulation, creating a positive pressure on the price.
However, TVLs in cash and Solana’s price have greatly decreased in their January summits. BNSOL TVL, for example, went from a peak of $ 2 billion on January 20. The decline is largely due to the wider prices of Solana, which saw Sol falling 63% compared to its highest in January 294.33.
Post Comment