The post Retail Adoption Could Propel Solana Liquid Staking to $18B and SOL Price to $160 appeared on BitcoinEthereumNews.com.

Solana’s liquid staking could grow fivefold to $18 billion, driven by increased retail investor interest. Retail investors are attracted to the flexibility of liquid staking tokens, which allow them to use their assets in DeFi applications. According to a report by Bybit Research, Solana, one of the fastest-growing cryptocurrencies, is on track for a major surge in its liquid staking market. Due to increasing retail investor participation, the market can potentially grow fivefold, reaching $18 billion. With a current valuation of $3. 8 billion, this sector can be an essential factor in Solana’s growth in the cryptocurrency market.  Liquid staking differs from traditional staking, where coins are locked up, and investors get a liquid version of their staked assets. These liquid tokens can be used in decentralized finance (DeFi) protocols to provide liquidity while earning staking rewards. This added flexibility has gained a lot of interest, especially from retail investors looking for a more flexible staking solution.  According to the report, Solana’s liquid staking has the possibility of skyrocketing in value. If the retail adoption of ETH keeps on rising, the liquid staking market could rise to a staggering $18 billion within the next five years. Bybit Research also reveals that exchange-backed liquid staking tokens (LSTs) can contribute to this expansion by helping introduce DeFi ecosystems to ordinary users.  Retail Investors Drive Expansion of Solana’s Liquid Staking Ecosystem The future of staking in Solana, specifically liquid staking, relies heavily on the retail investor. As highlighted by Bybit Research, the liquidity of liquid staking tokens makes them especially suitable for this group due to ease of use. These tokens enable retail investors to maintain their assets liquid while also earning staking rewards. Unlike conventional staking, in which tokens are held for a particular time, liquid staking is more flexible.  Bybit’s bbSOL,…

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Filed under: News - @ September 16, 2024 12:18 am