Here is a detailed overview of Binance Staked SOL (BNSOL) — the liquid staking token from Binance for Solana
🧾 What is BNSOL?
BNSOL is a token representing your staked SOL plus accumulated rewards. Unlike traditional staking, where assets are locked, BNSOL provides liquidity, allowing you to trade, transfer, or use it in DeFi applications while still earning staking rewards.
⚙️ How does BNSOL work?
Staking SOL: You stake SOL on Binance and receive an equivalent amount of BNSOL.
Accumulation of rewards: Staking rewards are automatically accumulated, increasing the value of BNSOL relative to SOL. The BNSOL:SOL conversion rate is updated every epoch (approximately every 2-3 days).
Flexibility of use: BNSOL can be used in various Binance products and external DeFi applications for additional profit.
📊 Current market data (as of May 22, 2025)
BNSOL price: $186.10
Change in 24 hours: +2.80%
Trading volume in 24 hours: $2,216,315.85
Market capitalization: ~$1.52 billion
Circulating supply: 8.17 million BNSOL
Main trading pairs: BNSOL/USDT, BNSOL/SOL
🔮 Forecast and Analytics
BNSOL offers an attractive opportunity for investors looking to earn staking rewards on SOL without sacrificing liquidity. Given the growing interest in DeFi and the increasing number of users utilizing liquid staking, stable growth in demand for BNSOL is expected. However, as with any investment, it is important to consider market risks and conduct your own analysis.
🧠 Interesting Fact
BNSOL allows users to use their staked SOL as collateral for loans, participate in margin and futures trading, and interact with various DeFi protocols, making it a powerful tool for capital efficiency.
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