Binance Staked SOL
BNSOL#0
$95.12
24H +1.1%7D +2.5%30D +8.4%
BLOCKINSIDERLoading| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Binance | BNSOL/USDT | $606.46K | 0.11% | TRADE | |
| Binance | BNSOL/SOL | $202.90K | 0.03% | TRADE | |
| Manifest | BNSO1VUJNH4ZCFPZA6986EA66P6TCP59HVTNJ8B1X85/SO11111111111111111111111111111111111111112 | $6.22K | 0.01% | TRADE | |
| Meteora | BNSO1VUJNH4ZCFPZA6986EA66P6TCP59HVTNJ8B1X85/SO11111111111111111111111111111111111111112 | $1.18K | 0.80% | — |
Top 4 exchanges by 24h trading volume. BlockInsider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
Binance Staked SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form. Ordinary staking would lock up your staked assets, which means you cannot use them for other purposes – it increases a user's opportunity cost.
In contrast, BNSOL provides flexibility to sell, transfer, or use the staked SOL position. You can even move BNSOL to a personal wallet and use it outside the Binance platform whilst still earning rewards. BNSOL accumulates staking rewards through the BNSOL:SOL conversion rate on Binance SOL Staking, even when it is used in other Binance products or external DeFi applications for additional yield opportunities..
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