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About Binance Staked SOL
Analysis of 8 Feb 2026Binance Staked SOL (BNSOL) is a liquid staking token issued by Binance that represents staked Solana, enabling users to earn staking rewards (6-7% APY) while maintaining liquidity. Launched in September 2024, BNSOL has grown to approximately 8.16 million SOL staked (~$710M TVL at current SOL price of $87 on Feb 8, 2026), ranking as the #2 liquid staking token with 21.4% market share in Solana's liquid staking sector.
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With liquid staked SOL reaching a record 57 million tokens (13.6% of all staked SOL), BNSOL integrates with 20+ DeFi protocols including Pyth Network, PIXEL, and Solayer Labs for restaking. The token's conversion ratio increases progressively with accumulated staking rewards, offering zero staking fees and integration across Binance's exchange, wallet, and DeFi ecosystem despite SOL's 44% price decline from $155 in January 2026.
