Solana network's liquidity staking protocol TVL has significantly increased, growing by 91% in the first half of the year.
According to BlockBeats news on July 4th, as reported by The Block, as of the end of June, the combination of liquidity staking protocols including Marinade Finance, Lido, Jito, JPool, and Socean have participated in staking Solana (SOL) tokens worth $187 million, a significant increase from $98 million at the beginning of the year. Currently, these protocols account for 69% of the total locked value (TVL) in the network, estimated at around $270 million.
Analyst Kevin Peng suggests that the growth of liquidity staking on Ethereum following the Shapella upgrade may have triggered a chain reaction that extended to Solana.