Solana’s biggest Crypto wallet has taken part in the liquid staking race and launched its own PSOL token.
The Solana (Sol) Liquid Staking Tokens market has attracted new entrants. On Tuesday, May 14th, Phantom launched its own liquid staking token, PSOL, allowing users to bet SOL while maintaining liquidity for use in DEFI.
We are launching our own LST: Phantom StakedSol (PSOL) 👻
Why fluid investment with the Phantom?
Simple:
Earn sol Sol Rewards
🏋🏋️♂§ Maintaining fluidity
@solana Network pic.twitter.com/supports vejaarvxmd-Phantom (@phantom) May 14, 2025
Liquid-Staked PSOL is available directly within Phantom Wallet, the most popular wallet app on the Solana network. To encourage adoption, Phantom has made its staking interface user-friendly, even traders new to liquid staking. Users can access the feature by clicking “Start Acquisition Sol” on the app’s Solana Token page.
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Still, users in some jurisdictions, such as the UK, are excluded from their functionality due to regulations prohibiting staking.
Solana’s liquid staking ecosystem is rising rapidly
According to Phantom, the transition to liquid staking is part of an effort to support the broader Solana ecosystem that has seen rapid growth in liquid staking over the past few months.
Sol Sol Tokens’ total market capitalization was $7 billion in May. Jito, Binance, Marinade, and Jupiter Liquid Sol Tokens make up a large part of this market. Still, the value of these tokens fell from an all-time high of $10 billion in the final week of January 2025.
Weekly Liquid Staking Sol Market | Source: BlockWorks
Solana places liquid staking as a way for users to maintain fluidity while helping users acquire yields and protect their networks. With liquid staking, users lock the real SOL and receive an equivalent amount in liquid stakesols such as PSOL.
These liquid tokens can be used throughout the Defi protocol to earn additional rewards. On the flip side, issuing a liquid dye sol increases the effective circulation supply of SOL and may put downward pressure on the price.
read more: Phantom Wallet is popular and surpasses Facebook on Google Play
