Originally published on: November 01, 2024
Sonic, the innovative Solana layer-2 blockchain platform, has achieved a remarkable milestone by surpassing $50 million in staked delegation on the Solayer network. This achievement comes alongside exciting new partnerships aimed at advancing the thriving restaking industry within the Solana ecosystem.
Teaming up with Solayer and Adrastea, Sonic aims to enhance Solana delegator rewards and further promote the growth of the restaking sector on the Solana network. As the largest delegated AVS (Actively Validated Service) on Solayer, Sonic SVM continues to lead the way in staking innovation.
According to Sonic’s founder and CEO, Chris Zhu, the $50 million milestone underscores the enormous potential of Solana’s staking and restaking landscape. Drawing parallels to Ethereum’s liquid staking success, Zhu believes Solana-based restaking solutions are poised for explosive growth, mirroring the accomplishments seen in the Ethereum ecosystem.
With the emergence of pioneering protocols such as Jito, Solayer, and Fragmetric, Solana’s restaking ecosystem is poised for significant expansion, paving the way for a future on par with Ethereum’s thriving environment.
Bybit Research projects a fivefold increase in Solana-based liquid staking, driven by sustained retail adoption. Currently valued at $5.9 billion in TVL (Total Value Locked), Solana’s liquid staking sector is primed for substantial growth, offering promising opportunities for investors and stakeholders alike.
As the Solana network continues to innovate and expand, the future of restaking and liquid staking looks increasingly bright. With new partnerships and collaborations driving this growth, Sonic SVM is at the forefront of revolutionizing the staking landscape on the Solana blockchain. Stay tuned for more exciting developments in this rapidly evolving sector.
