Bybit, the second-largest crypto exchange, has had a successful first month with its token staking on Solana through its liquid staking token (LST) bbSOL. The exchange-backed staking token has received positive response and has surpassed other exchange-backed staking tokens in terms of total value locked (TVL). By introducing Bybit's centralized exchange to the decentralized finance (DeFi) landscape, bbSOL aims to provide a more streamlined experience for token holders. It will be listed on Bybit Spot and has partnered with Jupiter Exchange to enhance liquidity options within the Solana ecosystem.



Other News from Today