By the latest update, price for Binance Staked SOL (BNSOL) stands at $93.772849, representing a 5.99% increase since yesterday.
By the latest update, Binance Staked SOL (BNSOL) posted 24h volume of $888.3K, an increase of 293.71% day-over-day.
Its current market capitalization is approximately $805.8M. Liquidity across major Solana DEXes is currently at $797.9M.
BNSOL is actively traded in Solflare wallet. The token is verified according to Solana's token registry. This token can be swapped instantly on Solflare for any other supported asset. You can also set advanced limit orders for this token directly within the Solflare wallet, allowing you to automate trades based on your chosen price targets.
293.71%Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form. Ordinary staking would lock up your staked assets, which means you cannot use them for other purposes – it increases a user's opportunity cost. In contrast, BNSOL provides flexibility to sell, transfer, or use the staked SOL position. You can even move BNSOL to a personal wallet and use it outside the Binance platform whilst still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate on Binance SOL Staking, even when it is used in other Binance products or external DeFi applications for additional yield opportunities.
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