Staked SOL Markets
With more than $41 billion staked value by May 2024, Solana has the capacity to support multi-billion dollar stablecoin projects
Last updated
With more than $41 billion staked value by May 2024, Solana has the capacity to support multi-billion dollar stablecoin projects
Last updated
Currently, Solana has a staking ratio of 64.22%: out of the circulating 575.7 million Solana tokens 288.0 million are actively staked. This is the result of a thriving staking market with Solana's staking market cap reaching $41.7 billion, a testament to the network's strength and investor confidence. This substantial volume of liquid staking token collateral allows users to mint billions, if not tens of billions, value of USS/eUSS, enabling Setora Labs Protocol to scale into the tens of billions using Solana alone.
Currently, Setora Labs has chosen to start on Solana chain thanks to its superior staking yield and funding fees. Our products can operate on any crypto assets that support staking yield, funding fee and have enough liquidity. In the future, Setora Labs can scale our stablecoins to take ETH, BTC, and other cryptocurrency as collateral, allowing the Protocol to reach hundreds of billions in market cap.
In the first stage of the project, we choose to stake our SOL with thanks to its liquidity, high yield, secure protocol, and high-quality pool of validators. As of May 2024, Jito's TVL reaches 10.5 million SOL, worth $1.8 billion. This allows us to freely buy and sell JitoSOL tokens without distorting the market. As the project scales, we can start branching from to other staking protocols.
