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Cryptocurrency News Articles
Bybit's bbSOL Total Locked Value Surpasses $100 Million as the LST Continues to Gain Traction
Oct 14, 2024 at 10:00 pm
Bybit, the world's second-largest crypto exchange by trading volume, is thrilled to announce the continued growth and expansion of its innovative liquid staking token, bbSOL.
Dubai, United Arab Emirates, October 14th, 2024, Chainwire
Bybit, the world’s second-largest crypto exchange by trading volume, is excited to announce the continued growth and expansion of its innovative liquid staking token, bbSOL. As Bybit’s inaugural Liquid Staking Token (LST), bbSOL offers users a seamless, secure way to stake SOL and earn competitive rewards.
The rapid adoption of bbSOL has seen its total locked value (TVL) shoot past 100 million USD in a short span. In addition to staking rewards, holders of bbSOL can now further enhance their earning potential through three key opportunities:
“We’re excited to see bbSOL's continued growth and success. The increasing total locked value demonstrates the trust and confidence our users have in bbSOL as a reliable and rewarding digital asset,” added Emily Bao, Head of Spot and Web3 at Bybit.
As bbSOL's reach extends across both centralized and decentralized exchanges, it solidifies its position as a premier liquid staking token. Bybit remains committed to offering innovative products and services that empower users to thrive in the digital asset space.
## About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, users can visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
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