As of February 1, 2025, Binance Staked SOL (BNSOL) is trading at approximately $233.59.

BNSOL is a liquid staking token introduced by Binance in September 2024. It allows users to stake their Solana (SOL) tokens on Binance and receive BNSOL in return, providing flexibility and liquidity. This enables users to earn staking rewards while still being able to trade, transfer, or utilize their assets across various platforms.

In October 2024, Binance announced the listing of the BNSOLSOLSOL/SOL trading pair, enhancing user offerings with an attractive annual percentage rate (APR) during a promotional period. The APR fluctuated between 8-10% based on the total value locked in each epoch.

By December 2024, BNSOL surpassed $1 billion in total value locked (TVL), capturing approximately 10% of Solana's liquid staking market. This milestone reflects the growing adoption and trust in Binance's liquid staking solution.

BNSOL offers a flexible alternative to traditional staking methods, allowing users to maintain liquidity while participating in Solana's staking ecosystem.

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