Nansen and Sanctum Launch Liquid Staking Token for Solana
The world of cryptocurrency has witnessed a significant development with the launch of nxSOL, a new liquid stake token for Solana, by Nansen and Sanctum. This innovative token enables Solana holders to stake their tokens while preserving liquidity, marking a substantial expansion of Nansen’s staking business.
Key Features of nxSOL
The nxSOL token allows SOL holders to earn staking rewards while retaining liquidity in their assets. This move represents a significant milestone for Nansen, which currently controls over $2 billion in staked assets across 20 chains with over 350,000 stakeholders. With the launch of nxSOL, Nansen is now expanding its reach into Solana, which boasts one of the most active liquid staking communities.
According to Alex Svanevik, CEO of Nansen, “nxSOL marks the next chapter in Nansen’s staking journey, expanding our reach in Solana while staying true to our mission of making on-chain participation simple, fluid and secure. It’s about unlocking new horizons for users and developers as staking becomes an integral part of the on-chain economy.”
Partnership with Sanctum
Nansen’s partner in this operation is Sanctum, a Solana-focused infrastructure company with nearly $3 billion in assets under management. Sanctum is one of the largest liquid staking infrastructure providers in the market, and this partnership is expected to bring significant benefits to Solana holders. As FP, CEO of Sanctum, noted, “We are proud to partner with Nansen to bring nxSOL to market. nxSOL is an incredible opportunity to bring Solana to the 350,000 stakeholders Nansen has outside of Solana. Sanctum’s mission is to bring real returns from real assets to real people, and this partnership is a big step in furthering that mission.”
As of May 2025, more than 67% of all Solana tokens are staked, earning stake rewards for holders. However, liquid stakes only make up 10% of this number, indicating a significant opportunity for growth in the liquid staking market. With the launch of nxSOL, Nansen and Sanctum are poised to capitalize on this trend and provide Solana holders with a more flexible and rewarding staking experience.
For more information on this development, please visit https://crypto.news/nansen-and-sanctum-launch-liquid-staking-token-for-solana/
