30s Summary
Solana-based gaming platform Sonic has teamed up with restaking platforms Solayer and Adrastea, storing over $50 million of Solana (SOL) on Solayer, the largest amount on the platform. The partnership showcases the swift growth of Solana’s staking and restaking ecosystem. Ethereum’s liquid staking has reached $44 billion, with restaking valued at $15 billion. Forecasts suggest Solana will see similar growth trends, potentially hitting $18 billion, driven by projects such as Jito, Solayer and Fragmetric. Currently, Solana’s liquid staking is valued at $5.9 billion.
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Sonic, a Solana-based gaming service, hit a huge milestone. They’ve partnered up with restaking platforms Solayer and Adrastea to make rewards for Solana users even better. This comes about as Sonic stores over $50 million worth of Solana (aka SOL) on Solayer. In other words, Sonic has become the biggest service on Solayer.
This big win just shows how fast Solana’s staking and restaking ecosystem is growing. And that’s straight from the mouth of Sonic’s big boss, Chris Zhu. He told Cointelegraph that this proves how advanced Solana’s decentralized services, like Sonic’s version, have become.
But wait, there’s more: Ethereum’s version of staking, called liquid staking, has reached a whopping $44 billion. Restaking, which is a bit lower down on the list, still manages to be worth a cool $15 billion. DefiLlama data helped show these figures.
Expectations are high that Solana will see similar kind of growth for restaking and liquid staking solutions. Zhu believes that Solana-based restaking could hit the same impressive growth as Ethereum. He also says that the work being done by other Solana-based protocols like Jito, Solayer and Fragmetric could be a big help in growing the restaking ecosystem on their network.
The team at Bybit Research think Solana-based liquid staking could even increase more than five times thanks to regular folks getting involved. They think Solana’s market could grow to $18 billion because of its active staking community. As it stands, Solana’s liquid staking holds a value of $5.9 billion, according to DefiLlama’s info. So, yeah, there’s a lot happening in the world of staking!