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Binance Staked SOL

Binance Staked SOL

BNSOL
$114.84Up 0.15 percent($0.17)

Key Stats

Market Cap$1.09BUp 0.15 percent
Volume (24h)$463.48K
Fully Diluted Value$1.09B
Vol/Mkt Cap (24h)0.04%
Total Supply9.52M BNSOL
Max Supply∞
Circulating Supply9.52M BNSOL
Launch Date2024-08-26
Built OnSOL
Token StandardSPL
Smart Contract AddressBNso1V…1X85
Decimal Places9

Binance Staked SOL Information

Websites
www.binance.com
Industries
Liquid Staked Tokens
Parent Asset
SOL

Binance Staked SOL Price Converter

Binance Staked SOLBNSOL
USD
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Latest Binance Staked SOL News

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Binance Staked SOL Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Binance Staked SOLUSDT logo
BNSOL-USDT
BNSOLUSDT
binance logobinance
AA
115.10USDT
0.09%
Binance Staked SOLSOL logo
BNSOL-SOL
BNSOLSOL
binance logobinance
AA
1.14SOL
0.00%

Binance Staked SOL Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
BNSOLSPLSOLBNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X852024-08-26

About Binance Staked SOL

Binance Staked SOL (BNSOL) is a liquid staking token that represents staked SOL tokens along with accrued rewards, offering users the flexibility to utilize their assets in various applications while continuing to earn staking rewards.

Frequently Asked Questions

Binance Staked SOL (BNSOL) is a liquid staking token provided by Binance, representing staked Solana (SOL) tokens along with the accrued staking rewards. Unlike traditional staking, where assets are locked and inaccessible, BNSOL allows users to maintain liquidity, enabling them to trade, transfer, or utilize their staked assets in various decentralized finance (DeFi) applications while still earning staking rewards.

BNSOL serves multiple purposes within and beyond the Binance ecosystem:​

  • Trading: Users can trade BNSOL on supported exchanges, including Binance, providing flexibility and liquidity.
  • DeFi Participation: BNSOL can be utilized in various DeFi protocols for lending, borrowing, or providing liquidity, thereby maximizing the utility of staked assets.
  • Collateral: It can be used as collateral in margin and futures trading on Binance, enhancing capital efficiency.
  • Earning Rewards: By holding BNSOL, users continue to earn staking rewards, as its value appreciates relative to SOL over time.

BNSOL was developed by Binance, a leading global cryptocurrency exchange, to offer users a flexible and liquid staking solution for Solana (SOL) tokens. This initiative aims to enhance user experience by combining staking rewards with asset liquidity.