What Binance Staked SOL is
Binance Staked SOL (BNSOL) is a liquid-staking / restaking derivative token, currently ranked 52nd by market capitalization among the assets we track. Binance Staked SOL lets stakers have it both ways — yield from securing a network, plus liquidity to use the position elsewhere in DeFi. The token accrues value as the staking rewards beneath it compound.
Binance Staked SOL (BNSOL) is a representation of staked Solana (SOL) tokens on the Binance platform, allowing users to earn rewards through staking. It provides a seamless way for investors to participate in the Solana network while leveraging Binance's infrastructure.
How the yield and peg work
Holding Binance Staked SOL is holding staking yield in liquid form. The main risks are the staking provider's smart contracts and any divergence between the token's market price and the redeemable value of the stake.
Background & fundamentals
Binance Staked SOL first went live in 2024, giving it roughly 2 years of on-chain price history to draw on. Binance Staked SOL operates under a centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. CoinPaprika classifies the project's development status as "Working product".
In sector terms it is most often filed under Liquid Staking Token (LST), DeFi, and Solana (SOL) Token.
Where Binance Staked SOL sits in the market
At $82.00, Binance Staked SOL carries a market capitalization of $968.72M. Around $1.54M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.16% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Binance Staked SOL carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. BNSOL remains -70% beneath its all-time high of $277.46, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
The tape currently reads 24-hour -2.50%, 7-day +6.77%, 30-day -3.86%, 1-year -45.96%. BNSOL is currently trading near the bottom of its 365-day range (around the 2nd percentile of recent closes).
Volatility profile
Recent action puts Binance Staked SOL in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals -3.86%, a useful input for stop placement and position sizing.
How to evaluate a liquid-staking token like Binance Staked SOL
A grounded read on BNSOL comes down to three questions:
- Peg to underlying — whether BNSOL trades close to the value of the stake it represents.
- Provider risk — the smart-contract and validator risk of the staking protocol behind BNSOL.
- Yield and unlocks — the staking yield and how withdrawal queues behave under stress.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
