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Solana liquidity staking protocol locks a significant increase in total value
2023-07-04 12:56:54
Odaily News According to The Block Research, as of the end of June, Marinade Finance, Lido, Jito, JPool, and Socean, among other liquidity staking protocols, collectively held $187 million worth of staked Solana (SOL) tokens. This represents a significant increase from the initial investment of $98 million at the beginning of the year. Currently, these protocols account for 69% of the total locked value on the network, estimated to be around $270 million.



Analyst Kevin Peng suggests that the growth of liquidity staking on Ethereum following the Shapella upgrade may have triggered a ripple effect, extending to Solana as well. (The Block)