{"id":172873,"date":"2024-10-09T16:28:31","date_gmt":"2024-10-09T16:28:31","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172873"},"modified":"2024-10-09T16:28:35","modified_gmt":"2024-10-09T16:28:35","slug":"bybits-bbsol-shakes-up-solana-staking-with-record-breaking-success","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bybits-bbsol-shakes-up-solana-staking-with-record-breaking-success\/","title":{"rendered":"Bybit\u2019s bbSOL Shakes Up Solana Staking with Record-Breaking Success"},"content":{"rendered":"<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">TL;DR<\/span><\/span><\/strong><\/p>\n<ul style=\"text-align: justify\">\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Bybit has had a successful first month with bbSOL, the first exchange-backed liquid staking token on Solana.<\/span><\/span><\/li>\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">bbSOL has outperformed other exchange-backed staking tokens in terms of total value locked (TVL).<\/span><\/span><\/li>\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The token will be listed on Bybit Spot on October 10, 2024, increasing its accessibility and liquidity options.<\/span><\/span><\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Cryptocurrency exchange <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Bybit<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> has reached a significant milestone in its <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">first month with bbSOL, the first liquid staking token (LST) on the <\/span><\/span><a href=\"https:\/\/crypto-economy.com\/solana\/\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Solana<\/span><\/span><\/a><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> blockchain.<\/span><\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This <\/span><\/span><a href=\"https:\/\/www.bybit.com\/en\/web3\/staking\/BybitSOL?channel=pr_&amp;medium=organic_social&amp;source=twitter&amp;sa_utm_ci=2479&amp;pid=Social_twitter&amp;dtpid=17265839627811268&amp;campaign=web3sollstgtm_17265839627811268&amp;utm_source=twitter&amp;utm_medium=organic_social&amp;sa_utm_channel=pr_&amp;c=web3sollstgtm_17265839627811268&amp;sa_utm_tcn=17265839627811268&amp;is_retargeting=true\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">initiative<\/span><\/span><\/strong><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> marks an important step forward in the world of cryptocurrencies, offering users <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">an innovative option to participate in staking and increase their profitability<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">bbSOL just getting started, explore DeFi&amp;CeFi! \ud83c\udf0d<\/p>\n<p>\ud83d\udd39 Get <a href=\"https:\/\/twitter.com\/search?q=%24bbSOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$bbSOL<\/a> <a href=\"https:\/\/twitter.com\/sanctumso?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@sanctumso<\/a> <a href=\"https:\/\/twitter.com\/JupiterExchange?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@JupiterExchange<\/a><\/p>\n<p>\ud83d\udd39 Deposit bbSOL <a href=\"https:\/\/twitter.com\/orca_so?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@orca_so<\/a> <a href=\"https:\/\/twitter.com\/RaydiumProtocol?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@RaydiumProtocol<\/a> <a href=\"https:\/\/twitter.com\/KaminoFinance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@KaminoFinance<\/a><\/p>\n<p>\ud83d\udd39 Lend\/borrow <a href=\"https:\/\/twitter.com\/DriftProtocol?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@DriftProtocol<\/a>, <a href=\"https:\/\/twitter.com\/KaminoFinance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@KaminoFinance<\/a>, <a href=\"https:\/\/twitter.com\/marginfi?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@marginfi<\/a> <a href=\"https:\/\/twitter.com\/solendprotocol?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@solendprotocol<\/a><\/p>\n<p>\ud83d\udd39 Restake <a href=\"https:\/\/twitter.com\/solayer_labs?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@solayer_labs<\/a><\/p>\n<p>\ud83d\udc49 <a href=\"https:\/\/t.co\/idJ6gxldA9\" target=\"_blank\">https:\/\/t.co\/idJ6gxldA9<\/a> <a href=\"https:\/\/t.co\/Jnc0EvVgsc\" target=\"_blank\">pic.twitter.com\/Jnc0EvVgsc<\/a><\/p>\n<p>&mdash; Bybit (@Bybit_Official) <a href=\"https:\/\/twitter.com\/Bybit_Official\/status\/1844030059272622354?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Emily Bao,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> Head of Spot and Web3 at <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Bybit,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> commented on <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the positive reception bbSOL has received<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, reflecting not only the quality of the product, but also <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Bybit\u2019s ability to connect with a global community of cryptocurrency enthusiasts<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The crypto\u2019s success is evidenced by its performance in terms of <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">total value locked (TVL)<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, where it has <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">outperformed other exchange-backed staking tokens<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This growth in TVL not only underlines <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the relevance of bbSOL within the Solana ecosystem<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, but also highlights Bybit\u2019s commitment to providing <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">new staking opportunities for its users<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">As <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">interest in liquid staking continues to increase<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the token<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> is positioning itself as <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a strong competitor in the market<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">On <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">October 10, 2024<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, bbSOL will be listed on <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Bybit Spot,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> allowing <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">users from different ecosystems to access this token more easily and quickly<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This move not only <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">improves the accessibility of bbSOL<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> but also <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">expands its presence in the decentralized finance <\/span><\/span><a href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">(DeFi)<\/span><\/span><\/a><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> space.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Bybit<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> seeks to combine its centralized platform with <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the innovations of the decentralized world<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, providing users with <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a smoother experience when trading bbSOL<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-91753\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/10\/bb-sol-bybit.jpg\" alt=\"Bybit's bbSOL Revolutionizes Solana Staking with Record-Breaking Success\" width=\"825\" height=\"300\" \/><\/p>\n<h2><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Boosting Liquidity and Accessibility with bbSOL<\/span><\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">In addition to its listing on Bybit Spot<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, bbSOL has formed <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a partnership with Jupiter Exchange, the leading swap aggregator on Solana<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This collaboration aims to <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">increase liquidity options for bbSOL<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, making it <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">even more attractive to those looking to operate in the Solana ecosystem<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">With this partnership, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Bybit<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> not only <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">improves transaction efficiency<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> but also <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">strengthens its commitment to the Solana community<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> by offering <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">more robust tools for traders<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The combination of these initiatives puts <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">bbSOL<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> in <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a prime position to attract new users and boost token adoption<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> in the <strong>Solana<\/strong> ecosystem.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">By focusing on innovation and collaboration, <strong>Bybit<\/strong> demonstrates its determination to <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">lead the cryptocurrency space<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> and provide its users with <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">effective staking and trading solutions<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">As <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">demand for liquid staking options continues to grow<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, bbSOL is emerging as <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a viable and promising option for cryptocurrency enthusiasts around the world<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">bbSOL\u2019s first <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">month on Bybit has been a testament to the platform\u2019s potential<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> and <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">innovation in the cryptocurrency sector<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">. With its focus on <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">accessibility and collaboration<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, Bybit is well-positioned to <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">continue growing and transforming the way users interact with staking on Solana<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bybit has had a successful first month with bbSOL, the first exchange-backed liquid staking token on Solana. bbSOL has outperformed other exchange-backed staking tokens in terms of total value locked (TVL). The token will be listed on Bybit Spot on October 10, 2024, increasing its accessibility and liquidity options. Cryptocurrency exchange Bybit has reached &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Bybit\u2019s bbSOL Shakes Up Solana Staking with Record-Breaking Success\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/bybits-bbsol-shakes-up-solana-staking-with-record-breaking-success\/#more-172873\" aria-label=\"More on Bybit\u2019s bbSOL Shakes Up Solana Staking with Record-Breaking Success\">Read more<\/a><\/p>\n","protected":false},"author":33,"featured_media":172874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[114,70,74],"tags":[4620,5362,4656,5001,5348],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172873"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172873"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172873\/revisions"}],"predecessor-version":[{"id":172876,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172873\/revisions\/172876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172874"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}