🧵 1. The value locked in Solana's liquid staking protocols surged 91% in H1, reaching $187 million by June-end, up from $98 million in January. #crypto
🧵 1. The value locked in Solana's liquid staking protocols surged 91% in H1, reaching $187 million by June-end, up from $98 million in January. #crypto
🧵 2. Solana's liquid staking protocols now represent 69% of the network's total value locked, estimated at around $270 million.
🧵 3. The rise in liquid staking on Solana may be attributed to the broader growth in this niche across crypto, following Ethereum's Shapella upgrade.
🧵 4. Marinade Finance dominates as the leading liquid staking project on Solana, with a 62% market share, while Lido Finance claims a 27% market share. Jito Labs' share has also grown from 1.9% to 6.9% YTD.
🧵 Read more at: https://www.theblock.co/post/237686/value-locked-in-solanas-liquid-staking-protocols-surged-by-91-in-h1
Impressive gains. DId they get sued by the SEC yet?