Solana liquidity staking protocol locks a significant increase in total value

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)