Liquid staking token launches on Solana with support from Coinbase, Kraken, Galaxy

Key Points

1. Liquid Collective introduced LsSOL in partnership with Coinbase, Kraken, Galaxy, Anchorage Digital, and Fireblocks to facilitate institutional access.

2. Approximately $21 billion in SOL remains unstaked, with liquid staking on Solana nearing $9.4 billion in total value locked.

3. Liquid Collective's Ethereum staking token, LsETH, holds over $1 billion in total value locked, while Ether staking reached an all-time high in June with over 35 million ETH staked.

4. LsSOL will be available through Coinbase's Prime Onchain Wallet, reflecting increasing institutional demand for secure custody solutions.

5. Analysts estimate a 95% chance of Solana ETF approval this year, with seven pending applications filed with the SEC, potentially driving significant capital inflows.