The total value locked in Solana’s liquid staking protocols, such as Marinade, Lido, and Jito, has surged by 91% year-to-date.
Marinade Finance is leading the liquid staking niche on Solana with a 62% market share, followed by Lido with a 27% market share.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The Solana ecosystem has recorded an increase in the value of assets staked into liquid staking protocols, marking a 91% rise year-to-date.
By the end of June, a combination of liquid staking protocols, including Marinade Finance, Lido, Jito, JPool, and Socean, had cumulatively heldin staked Solana tokens, according to The Block Research. This represents a substantial growth from the initial $98 million staked at the beginning of the year.
So far this year, about 1.66 million SOL, equating to $31 million, has been deposited into LSD protocols, which shows that increased inflows are partly responsible for the jump in liquid staking TVL. Another key factor propelling this trend is the increase in the price of Solana’s native token, SOL, which has soared by about 60%. This price appreciation has contributed to enhancing the value of SOL deposits in liquid staking.
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