- Solana’s liquidity staking protocols have seen significant growth in the past month.
- Jito’s staked SOL continues its trajectory, recording a whopping 68.15% growth.
- Currently, about 399 million SOL is staked, marking a staking rate of approximately 71.3%.
Solana, a name that’s become synonymous with rapid growth and development in the crypto realm, has yet again showcased its prowess. This time, the focus is on its burgeoning liquidity staking protocols, which have recorded impressive gains over the past month.
In the past month, the Solana liquidity staking protocol has grown rapidly, with Marinade Finance growing by 22.91%, Lido growing by 14.38%, and Jito growing by 68.15%. Among them, Jito Staked SOL is continuing to hit new highs. Currently, about 399 million SOL is staked, and the…
— Wu Blockchain (@WuBlockchain) October 5, 2023
Leading the charge is Jito, whose staked SOL is continuously setting new benchmarks. It has seen a meteoric rise of 68.15% within the month, a rate unparalleled by most of its peers. This growth trajectory underscores the increasing confidence and interest of investors in Solana’s offerings.
Not far behind, Marinade Finance and Lido have also shown commendable performances. Marinade Finance expanded by 22.91%, while Lido followed closely with a growth rate of 14.38%. Such figures stand testament to Solana’s resilient ecosystem and its adaptability to market demands.
Diving deeper into the numbers, a staggering 399 million SOL is currently staked, translating to a staking rate of about 71.3%. These figures not only highlight the trust users place in the Solana network but also indicate a maturing and consolidating market.
In conclusion, the recent trends within the Solana ecosystem provide a clear message: liquidity staking protocols are on the rise, and platforms like Jito, Marinade Finance, and Lido are at the forefront of this movement. As the crypto world continues to evolve, eyes will undoubtedly remain fixated on Solana’s next milestones.
