Solana Liquid Staking Could Touch $18 Billion – Will It Benefit These Altcoins?
A new report has highlighted the key changes that could follow a significant increase in Solana liquid staking. Driven by strong investor demand, if Solana’s liquid staking were to reach $18 billion, it could significantly benefit Solana (SOL) and Jito (JTO), a liquid staking token on the Solana blockchain, potentially fueling positive momentum and a rise in the value of both altcoins. Related Reading: Get Ready For Take-Off! Shiba Inu Price To Jump 7,350% — Analyst Adoption Boom To Ignite Solana Liquid Staking Over the past few years, SOL has had an impressive run, outperforming most....
Related News
Ethereum liquid staking platforms are making waves in the decentralized finance (DeFi) ecosystem. Recent on-chain reports have revealed that liquid staking protocols have recorded a new milestone in the number of Ether (ETH) staked, reaching a staggering 12 million ETH mark in just a few days. Ethereum Liquid Staking Gains Momentum With Ethereum 2.0 thriving, liquid staking protocols in the DeFi ecosystem have been growing rapidly despite recent market volatility. Research data from DeFi TVL aggregator, Defillama, revealed on Monday, September 25, the tremendous growth of Ethereum....
While the total value locked (TVL) in decentralized finance (defi) hovers just above the $214 billion mark, a defi protocol called Lido has been moving closer toward taking Curve’s top spot in terms of TVL in a defi protocol. Currently, the liquid staking solution Lido has $19.2 billion in staking assets derived from five different blockchain networks including Ethereum, Solana, Terra, Polygon, and Kusama. Lido’s Staked Assets Represent Close to 9% of the $214 Billion Locked in Defi According to defillama.com, there’s $214 billion total value locked in decentralized....
On Tuesday, the liquid staking firm Alluvial revealed a consortium of organizations will collaborate on the “first enterprise-grade multi-chain liquid staking protocol.” Alluvial’s announcement detailed the protocol will be known as the “Liquid Collective” and the cryptocurrency exchange Kraken has joined as a foundation member. Liquid Collective Aims to Bolster a Multi-Chain Liquid Staking Standard In a blog post published by the liquid staking company Alluvial, the startup introduced the new enterprise-grade multi-chain liquid staking protocol called....
Back in 2022, Lido Finance, a decentralized finance (DeFi) protocol providing staking services, announced support for Solana. Since then, the DeFi platform has provided an avenue for Solana users to stake their SOL and receive a liquid staking token while doing so. The platform has run into a problem that could lead to the end […]
Staking is complicated, but learning the truth behind these four myths will help to increase liquid staking mass adoption. Blockchains have relied on proof-of-work (PoW) validation since their inception. Yet the PoW consensus proved to be unsustainable with its high energy usage and its need for fast, powerful hardware creating high barriers to entry. That’s why blockchains are adopting proof-of-stake consensus algorithms (PoS), where those wanting to earn rewards don’t have to compete against other miners, but can simply stake part of their crypto for a chance to be chosen to be a....