Solana liquid staking's top three LST market share has dropped to 68.7%, and the market structure is becoming more diverse.

DailyNews

2024-07-01 14:25:19

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Odaily Planet Daily News According to Tom Wan, a strategy analyst at 21.co, on-chain liquidity staking on Solana is booming:

The quarterly quarter-on-quarter increase in the liquidity collateralization ratio by 1.76%; -LST quantity reached 53, nearly doubled from the previous quarter; -The market landscape is becoming more diverse: the market share of the top three LST (jitoSOL, mSOL, bSOL) has decreased from 93% to 68.7%, and the market share of the top five LST has reached 84%. Its additional claim, Sanctum became a key catalyst, the launch of INF, Sanctum Router, and Sanctum Reserve lowered the barrier for users and laid the foundation for the explosion of on-chain liquid staking on Solana.

SOL12.61%

X9.61%

MSOL13.17%

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