Sanctum and Nansen Launch New Liquid Staking Framework on Solana
- The new liquid staking framework, called the “universal staking router,” integrates multiple liquid staking tokens (LSTs) like mSOL, jitoSOL, and bSOL.
- Solana currently has $11.6 billion in total value locked (TVL), with significant liquidity fragmentation across protocols such as Jupiter ($3.44 billion TVL) and Kamino ($3.29 billion TVL).
- Liquid staking on Solana offers returns of approximately 5-8%, compared to Ethereum’s range of about 3-4%.
- Sanctum has already secured $2.53 billion in TVL shortly after its launch, indicating strong initial adoption.
- The framework aims to streamline the staking process by directing deposits to the best-performing validators automatically.
The launch of Sanctum’s router addresses Solana’s fragmented staking market by creating a unified liquidity layer that enhances efficiency across decentralized finance (DeFi) platforms.
With nearly a fifth of Solana’s $11.6 billion TVL tied to staking-related protocols, this initiative could significantly bolster liquidity on the network moving forward.
