Originally published on: November 01, 2024
Sonic, the groundbreaking Solana Virtual Machine (SVM) layer-2 blockchain designed for gaming, has achieved a remarkable staking milestone. To further boost the flourishing restaking industry on the Solana network, Sonic has collaborated with leading platforms Solayer and Adrastea.
Recently, Sonic SVM crossed the $50 million mark in Solana staked delegation on Solayer, making it the largest delegated AVS (Actively Validated Service) on the platform. This achievement underscores the immense growth potential of Solana’s staking and restaking ecosystem.
Chris Zhu, the visionary founder and CEO of Sonic SVM, believes that Solana-based restaking has the potential to mirror the explosive growth seen in Ethereum’s ecosystem. With liquid staking on Ethereum valued at a staggering $44 billion and restaking at $15 billion, there is immense opportunity for growth in the Solana ecosystem.
Other Solana-based protocols like Jito, Solayer, and Fragmetric are also driving innovation in the restaking landscape, paving the way for significant advancements in the network. Bybit Research predicts that Solana-based liquid staking could witness a fivefold increase, fueled by sustained retail adoption.
Currently, Solana-based liquid staking boasts a TVL of $5.9 billion, according to DefiLlama data. As the ecosystem continues to evolve and attract more users, the future looks bright for Solana staking and restaking solutions.
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