Binance Staked SOL
BNSOL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
Whale Pulse
Large transaction flow (>$10k)
No whale transactions >$10k detected recently for BNSOL.
AI Analysis
Comprehensive evaluation of the token
BNSOL (Binance Staked SOL) effectively bridges the gap between Centralized Finance (CeFi) and the Solana DeFi ecosystem, achieving a strong overall score driven by exceptional Security (9.5/10) and Market Use Case (9/10). By utilizing the audited, battle-tested Solana Stake Pool Program and partnering with Sanctum, the project minimizes smart contract risk while ensuring deep liquidity across major protocols like Kamino and Drift. Although the 'Active Development' score (5.5/10) appears low, this reflects a strategic reliance on upstream standard libraries rather than a lack of maintenance. The primary trade-offs are found in 'Community Support' (7.2/10) and 'Team and Governance' (7/10), where the project relies on transactional, incentive-based engagement and centralized exchange control rather than organic, decentralized governance. Overall, BNSOL is a robust, high-utility Liquid Staking Token that offers a secure and capital-efficient way to hold SOL, prioritizing user convenience and yield over decentralization.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Binance Staked SOL (BNSOL)
Binance Staked SOL (BNSOL)
Binance Staked SOL (BNSOL) is a tokenized derivative of staked Solana (SOL) within the Binance ecosystem. Each BNSOL token represents SOL staked through Binance’s validator nodes, automatically accruing on-chain staking rewards.
Key Features
- Automatic Yield: BNSOL continuously reflects SOL staking rewards in your balance.
- 1:1 Peg: Fully backed by staked SOL on the Solana network.
- Tradable & Redeemable: Freely trade or redeem BNSOL for SOL on Binance platforms.
- Cross-Chain Support: Available as an SPL token on Solana and BEP-20 token on Binance Smart Chain.
Use Cases
- Provide liquid exposure to staked SOL without unbonding delays
- Integrate into DeFi protocols for additional yield opportunities
- Use as collateral in DeFi lending and borrowing markets
Token Details
- Name: Binance Staked SOL
- Symbol: BNSOL
- Networks: Solana (SPL) & Binance Smart Chain (BEP-20)
