According to data disclosed by Binance, the total staking amount of #BNSOL has exceeded 10 million SOL, and the total locked value (TVL) of BNSOL has reached 1.79 billion USD. BNSOL is a re-staking product launched by Binance, where users stake SOL tokens and receive BNSOL in return.

In fact, this indicates that:

A large amount of #SOL is locked up, reducing the circulation in the market, which is favorable for the token price.

The control over SOL by #币安 is becoming stronger, and DeFi is increasingly being integrated by centralized institutions.