Rewards Report Generator

The Solana ecosystem has intensified the attention of investors who have turned their eyes on it in 2024 with the launch of new tokens. During this period, major tokens such as Marinade (MNDE), Raydium (RAY), and Jupiter (JUP) attracted attention, recording strong trades using Solana's layer-1 infrastructure. According to data from DefiLlama, this growth in the Solana ecosystem is noticeable. With tokens such as Marinade (MNDE), Raydium (RAY), and Jupiter (JUP), the total value locked (TVL) has risen to $4.17 billion, an impressive increase since the beginning of the year. This represents almost three times the initial TVL of $1.53 billion#HotTopicDiscussion#

BTC completed the Halving, the market fluctuated widely; the Meme section showed strong market momentum; Merlin Chain launched the Token MERL...

Solana ranks second in attestation Blockchain, with its stake market dominated by Marinade, Jito, BlazeStake, and Lido. In the liquid staking field, Marinade and Jito have performed outstandingly, driving the TVL recovery. However, the overall liquid staking volume is low, accounting for only 4.3% of the total stake. Incentives are crucial for stake volume and Liquidity, as BlazeStake attracts more users due to high APR, while Lido has ceased operations due to a lack of incentives.

This essay discusses staking and the limitations of traditional methods. It introduces liquid staking, exemplified by Marinade Finance, which allows users to convert staked assets into liquid tokens, enabling liquidity and access to DeFi opportunities while earning staking rewards.

Solana Staking Market Analysis: Key Players in the Liquid Staking Space Recently, the market has warmed up, and Solana (SOL) has risen to become the sixth largest cryptocurrency. Among all proof-of-stake (PoS) blockchains, its staked asset scale is second only to Ethereum. However, the level of capital aggregation in decentralized finance (DeFi) applications within the Solana ecosystem is relatively low, with a total locked value (TVL) of $1.137 billion, which is only 11.3% of its historical peak. In Solana's TVL, liquid staking projects play an important role and are key to driving the TVL back to historical highs. Among them, Marinade and Jito hold significant positions with the highest TVL, highlighting the importance of the liquid staking category. This article will delve into the important participants in the liquid staking field on Solana and examine their strategies.