Nansen and Sanctum Introduce nxSOL for Solana Stakers
On October 15, blockchain analytics firm nansen and infrastructure company Sanctum teamed up too launch nxSOL. This new liquid staking token for Solana lets SOL holders earn rewards without losing liquidity.
Liquid staking is gaining popularity, especially on Solana. nxSOL is a game-changer for SOL owners. it allows them to stake their tokens and still trade them freely. This partnership is a big step for Nansen, which already manages staking on 20 chains.They have over 350,000 stakers and control more than $2 billion in staked assets.Now, they’re expanding into Solana, a chain with a thriving staking community.
Alex Svanevik, Nansen’s CEO, said, “nxSOL opens new doors for users and developers. It makes staking easier, more liquid, and secure. Its a win for the onchain economy.”
Sanctum, a Solana-focused firm, is Nansen’s partner. Sanctum manages nearly $3 billion in assets. FP, CEO of Sanctum, noted, “This partnership brings Solana to Nansen’s 350,000 stakers.”
Currently, 67% of Solana tokens are staked, but only 10% use liquid staking. nxSOL aims to change that.
