The market capitalization of Solana Liquid Staking Tokens (LSTs) has reached $8 billion in 2024, showing significant growth in the sector over the past two years. However, only 6% of staked tokens are from liquid staking solutions, leaving significant capital unused for decentralized finance (DeFi) applications. The dominant players in the Solana LST market are JitoSOL, mSOL, and jupSOL, with JitoSOL alone holding 41.5% of the market share. The growth in the Solana LST market is driven by the increasing adoption of liquid staking solutions, which allow users to maintain liquidity while earning staking rewards. The market performance of Solana LSTs demonstrates their growing value, with tokens like JitoSOL's JTO, Jupiter (JUP), and Marinade Staked SOL (mSOL) all showing strong trading volume and market capitalization.



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