SAM Based Delegation

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 of Solana continues to rise, with projects like Marinade and Jito dominating in staked assets and yields. Lido has ceased operations due to poor development, while BlazeStake has performed outstandingly on DEX. Incentive mechanisms are crucial for staking volume and liquidity, and currently, the total amount of liquid staking remains low, with more competitors likely to emerge in the future.

Solana staking market: Analysis of the four strong players in the liquid staking field As the market warms up, Solana (SOL) has risen to become the sixth largest cryptocurrency, with its staking assets ranking second among all proof-of-stake (PoS) blockchains, only behind Ethereum. However, the capital accumulation of decentralized finance (DeFi) applications in the Solana ecosystem is relatively low, with a total locked value (TVL) of $1.137 billion, which is only 11.3% of its historical peak. In Solana's TVL, liquid staking projects play a key role and are expected to drive the TVL back to historical highs. Among them, Marinade and Jito hold leading positions with the highest TVL, highlighting the importance of the liquid staking category. This article will delve into the key participants in the Solana liquid staking space and provide a comparative analysis of their strategies and market performance.

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.