TechFlow, September 12 — According to DefiLlama data, Solana's liquid staking token bbSOL has surpassed $500 million in total value locked (TVL), ranking among the top 10 on Solana. bbSOL was launched by Bybit on September 5, 2024, aiming to provide users with an efficient liquid staking solution for SOL.
Since its launch a year ago, bbSOL has accumulated over 2 million SOL in staking, with more than 80,000 holders. Currently, bbSOL has been integrated into over ten DeFi and CeFi projects including Sanctum, Kamino, Fragmetric, Raydium, Orca, RateX, Solayer, Jupiter, marginfi, and Save, with its use cases continuously expanding.
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