Liquid Collective has launched the Liquid Staked SOL token on the Solana platform to meet the rising interest from institutional investors in the network.
Launch of Liquid Staked SOL Token
Liquid Collective has unveiled its Liquid Staked SOL (LsSOL) token in partnership with Coinbase, Kraken, Galaxy, Anchorage Digital, and Fireblocks. These partners will provide institutional investors access to LsSOL as demand for Solana increases.
Market and Demand for Solana
According to SolanaBeach.io, approximately $21 billion in SOL remains unstaked. About 14% of staked SOL is currently through liquid staking solutions, with Jito leading the market.
Future of Solana ETFs
Liquid Collective and its partners argue that products like LsSOL will play a key role as institutional interest in crypto grows. The potential approval of several Solana ETFs could trigger significant capital inflows into the market.
The launch of Liquid Staked SOL on Solana marks an important step in the development of liquid staking and institutional interest in cryptocurrencies, predicting an active evolution of this market segment.
