Golden Finance reports that BNSOL TVL, the Solana liquid staking token launched by Binance, recently exceeded US$1 billion, accounting for more than 10% of the market value of all Solana’s liquid staking tokens. BNSOL’s progress is mainly driven by the expansion of Solana’s ecosystem, with its liquidity pledge ratio more than doubling in 2024 and a market value estimated at $8 billion. There are more than 4.8 million SOL pledged in BNSOL, and it is also the largest exchange that supports SOL liquidity pledged tokens. Jeff Li, Vice President of Products at Binance, said: “In just three months, BNSOL TVL exceeded $1 billion, reflecting the huge demand for BNSOL. The integration of BNSOL with various products on the Binance platform and DeFi protocols has been a Key factors driving the popularity of the token.”