Binance’s BNSOL Climbs to Second Place in Solana Liquid Staking

Binance’s BNSOL has quickly taken a commanding position in Solana’s liquid staking landscape. Just six months after launch, BNSOL has secured a 21.4% share of the market according to Dune analytics, placing its total value locked (TVL) at $901 million. This dominance is driven by its seamless integration with Binance’s ecosystem and DeFi protocols, allowing users to earn rewards without un-staking their SOL holdings for trading or lending purposes.