New York Meetup

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...

The liquid staking market within the Solana ecosystem is rapidly developing, with main participants including Marinade, Jito, BlazeStake, and Lido. Marinade and Jito perform outstandingly in terms of staked assets and yields, BlazeStake has seen rapid growth recently, while Lido has exited the market due to a lack of incentives. The incentive measures for liquid staking are crucial for the amount staked and liquidity. The entire market is still in consolidation, and more competitors may emerge in the future.

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.