bbSOL TVL Surpasses $500 Million, Enters Solana's Top 10

BlockBeats News, September 12th, according to DefiLlama data, the Total Value Locked (TVL) of the Solana liquidity staking token bbSOL has exceeded $500 million, ranking in the top 10 on Solana.

bbSOL was launched by Bybit on September 5, 2024, aiming to provide users with an efficient SOL liquidity staking solution.

Since its launch, bbSOL has accumulated over 2 million SOL in staking, with over 80,000 holding users. Currently, bbSOL has integrated with more than ten DeFi and CeFi projects including Sanctum, Kamino, Fragmetric, Raydium, Orca, RateX, Solayer, Jupiter, marginfi, Save, and others, and its application scenarios continue to expand.