Liquid Gold in Solana's Staking Pool: Phantom Joins the Fray
Liquid Staking Token, PSOL, is introduced by Phantom, offering stakeholders the ability to stake their assets without the need for a lockup period.
The liquid staking scene on Solana, the go-to blockchain for high-speed DeFi, just got more crowded. Phantom, the most popular wallet on the network, has rolled out its own liquid staking token, PSOL, turning crypto hodlers into liquidity kings.
On the bustling blockchain scene, May 14 was a red-letter day. Phantom jumped into the liquid staking pool, offering users an easy-peasy, liquid-y way to stake their SOL while keeping it ready for DeFi action. Simply click "Start earning SOL" on the Solana token page in the app, and voilà! You're on your way to liquid staking nirvana. But hold up, folks in certain jurisdictions, like the UK, might want to take a rain check—the staking feature is off-limits due to those pesky regulations.
The Liquid Staking Ecosystem's Rapid Expansion
Phantom's plunge into liquid staking is more than just a cool new feature; it's part of their crusade to support the burgeoning Solana ecosystem. The liquid staking landscape has been blossoming rapidly, and Phantom's stake in the game sets the stage for a blockbuster showdown.
As of May 2025, the total market value of staked SOL tokens stood at a staggering $7 billion, with behemoths like Jito, Binance, Marinade, and Jupiter leading the charge. Yet, the market's value has taken a hit, plummeting from an all-time high of $10 billion at the tail-end of January 2025.
Solana positions liquid staking as a double-edged sword: a means for users to maintain liquidity while amassing rewards and bolster network security. By locking up their SOL and receiving an equivalent amount of liquid staked SOL, like PSOL, users can participate in DeFi protocols and snag even more rewards. However, increased liquid staked SOL supply can squeeze the price of SOL itself.
The Phantom Rises: A New Kingpin of Solana's DeFi Scene
Just when you thought the Phantom couldn't get any cooler, it surges ahead, surpassing face-melting giants like Facebook on Google Play. Phantom's stellar rise to stardom is just another testament to its unwavering commitment to delivering the ultimate DeFi experience.
Major Players in Solana's Liquid Staking Ecosystem
- Phantom and the Shiny PSOL Token: By introducing the PSOL token, Phantom upped its game in the liquid staking world. This token gives users the best of both worlds: the ability to stake their SOL for rewards while maintaining liquidity to venture into the wilds of DeFi.
- Jito's JSOL Token: Jito, another liquid staking heavyweight, offers a token called JSOL. Users can stake their SOL and reap rewards, all while keeping their tokens handy for DeFi shenanigans.
- Marinade's mSOL Token: Marinade's liquid staking solution provides users with an alternative called mSOL for liquidity needs and DeFi enthusiasts craving more rewards.
- The Binance-Jupiter Partnership: Binance and Jupiter, the power couple of crypto, are major components of the Solana liquid staking market, although specifics about their offerings remain scarce.
Market Trends and Twists
- The market value of liquid staked SOL tokens slipped from its all-time high of $10 billion in January 2025, dipping to $7 billion in May 2025.
- The booming liquid staking landscape expands the effective circulating supply of SOL, which may negatively impact its price.
- Regulatory barriers hamper freedom for some, blocking access to staking features in certain jurisdictions.
All in all, Solana's liquid staking ecosystem is a flourishing, unpredictable jungle. With players like Phantom battling it out, users will have plenty of opportunities to dip their toes into the liquid staking waters, reap sweet rewards, and venture forth into the world of DeFi. So buckle up, crypto cowboys and girls, because it's going to be an exhilarating ride!
- The popular Solana wallet, Phantom, has launched its own liquid staking token, PSOL, allowing crypto holders to become liquidity kings and stake their SOL for rewards while maintaining DeFi readiness.
- Phantom's entry into liquid staking signifies a significant step in supporting the growing Solana ecosystem and sets the stage for a competitive landscape that includes market leaders like Jito, Binance, Marinade, and Jupiter.
- Solana's liquid staking ecosystem provides users with the opportunity to participate in DeFi protocols by allowing them to lock up their SOL and receive an equivalent amount of liquid staked SOL tokens, such as PSOL, which can maintain liquidity and offer additional rewards.
- Despite the promising potential of liquid staking, the increased supply of liquid staked SOL tokens could potentially put pressure on the price of SOL itself.
- In May 2025, the total market value of staked SOL tokens stood at $7 billion, a substantial figure in the ever-evolving world of DeFi and crypto on the Solana blockchain.
