Solana

Billion

Rise

Coin

<ul class="wp-block-list news-points">
 <li><strong>Solana’s Liquid Staking Tokens show significant growth, led by dominant players in the market.&nbsp;&nbsp;</strong></li>
 <li><strong>Liquid staking adoption remains limited, highlighting untapped potential in decentralized finance.&nbsp;&nbsp;</strong></li>
 <li><strong>Increased demand and activity spikes reflect growing interest in liquid staking solutions.</strong></li>
</ul>
<p>Solana Liquid Staking Tokens (LSTs) have experienced a surge in market capitalization, reaching $8 billion in 2024. This marks substantial growth in the sector over the past two years.</p>
<p>Despite Solana’s 60% staking ratio, only 6% of staked tokens are from liquid staking solutions. This leaves significant capital unused for decentralized finance (DeFi) applications. Dominant players in the space, such as JitoSOL, mSOL, and jupSOL, have fueled this expansion. JitoSOL alone holds 41.5% of the market share.</p>
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   <p lang="en" dir="ltr">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 $8 billion.<br><br>Top LSTs by market share:<br><br>•⁠ ⁠$JitoSOL: 41.5% <br>•⁠ ⁠$mSOL: 15.3% <br>•⁠ ⁠$jupSOL: 13.2% <a href="https://t.co/dEKvvyuPLE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dEKvvyuPLE</a></p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1864289058698281307?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
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<h2 class="wp-block-heading" id="h-liquid-staking-growth-exponential-rise">Liquid Staking Growth: Exponential Rise</h2>
<p>The Solana LST market has grown significantly since Decem…</p>
<p>The post <a href="https://coinedition.com/solana-liquid-staking-tokens-hit-8-billion-in-market-value-2024/" rel="noopener noreferrer nofollow">Solana Liquid Staking Tokens Hit $8 Billion in Market Value–2024</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Solana Liquid Staking Tokens Hit $8 Billion in Market Value–2024

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