Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Bybit Claims Solana’s Liquid Staking Is Key to Price Rise
ALTCOIN NEWS

Bybit Claims Solana’s Liquid Staking Is Key to Price Rise

By Crypto FlexsSeptember 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bybit Claims Solana’s Liquid Staking Is Key to Price Rise
Share
Facebook Twitter LinkedIn Pinterest Email
  • Solana’s liquid staking could increase significantly.
  • Bybit Launches bbSOL for Liquid Staking
  • Liquid staking could drive Solana’s price.

Solana has been growing rapidly this year in terms of network volume and price, but its liquid staking utilization remains relatively immature compared to Ethereum.

Bybit claims that this has huge potential for the network and the price of SOL. The report comes just weeks after the major exchange teased a Solana liquidity staking program.

Liquid Staking is a Billion Dollar Opportunity for Solana

Solana may be preparing an event that could significantly increase its appeal to investors. On Thursday, September 12, Bybit released a report detailing Solana’s liquid staking opportunities. The report comes a few weeks after Binance, Bitget, and Bybit teased their own staking products for Solana.

Solana and Ethereum staking ratio comparison chart.
Source: Bybit

Liquid staking allows users to maintain liquidity while earning staking rewards on a proof-of-stake (PoS) network. However, as of 2024, Solana’s Liquid staking is relatively underutilized. For example, 68% of Solana’s total supply, or $57 billion, is staked. However, only 6.5% of that is in Liquid staking. This compares to 32.2% of Ethereum’s total staking tokens.

This is a significant opportunity as liquidity staking makes holding tokens more attractive to investors. If liquidity staking becomes more popular, it will have a positive impact on the price of SOL. In particular, Bybit expects the liquidity staking market to grow to $6-10 billion soon.

Bybit, Binance and Bitget Teaser Staking Products

The DeFi market on Solana has seen significant growth in 2024, especially due to the rise of Mimecoin. The total value locked (TVL) on the Solana DeFi protocol has more than tripled to $4.8 billion. This activity has attracted major players to the market, including exchanges Bybit, Binance, and Bitget.

The exchange announced its own liquidity staking product two weeks ago in a series of crypto tweets. Specifically, Bybit shared details about its own liquidity staking token, BBSOL, which allows traders to earn staking rewards while engaging in DeFi operations, including providing liquidity, trading, or borrowing.

This means that traders will have access to more profit opportunities when they hold SOL. Making SOL more attractive for passive income is expected to increase demand, which will have a positive impact on the price.

On the other side

  • Despite the benefits, liquid staking is not without its risks. Users are exposed to counterparty risk on exchanges. Furthermore, liquid staking contracts rely on protocols that can be exploited by hackers.
  • Solana’s network volume is several times larger than Ethereum’s, but its TVL of $4.6 still falls short of Ethereum’s $44 billion.

Why this matters

As liquidity staking becomes more popular on Solana, investors will have more incentive to hold SOL, which, all else being equal, should have a positive impact on the price.

Learn more about Liquid Staking on Solana:
Binance, Bitget, Bybit Tease Solana Liquid Staking – Here’s What We Know

Learn more about decentralized cloud.
The decentralized cloud is Web3’s answer to big tech monopolies.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025
Most Popular

UK to introduce new stablecoin and cryptocurrency laws by July

May 8, 2024

Do like the Egyptian pharaohs: grab the spin slots

June 18, 2024

Coinbase takes legal action against SEC for clarity in cryptocurrency regulation.

March 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.