Sonic SVM Partners with Solayer, Adrastea to Boost Solana Staking

News

  • Sonic SVM secures over $50 million in SOL staking, becoming Solayer’s largest Actively Validated Service.
  • New partnership with Adrastea offers bonus incentives for $SOL delegators through enhanced reward programs.
  • Solana’s ecosystem sees notable growth as restaking expands, poised to potentially rival Ethereum’s staking capacity.

Sonic SVM, the first Solana Virtual Machine (SVM)-focused layer-2 network for gaming, has announced a significant achievement, securing $50 million worth of Solana (SOL) delegated on Solayer. The platform now holds the title of Solayer’s largest Actively Validated Service (AVS), highlighting the impressive momentum within Solana’s staking ecosystem. 

Enhanced Rewards to Boost Delegation on Solayer

Sonic SVM is launching a new rewards program in partnership with Solayer and Adrastea to celebrate this milestone. This initiative offers additional incentives to SOL delegators, allowing users to earn bonus rewards by staking their SOL or eligible liquid staking tokens (LSTs) on Solayer. This incentive-driven collaboration seeks to drive broader adoption within the Solana staking community and deliver enhanced value to users committed to staking and restaking on the platform.

Delegators can also benefit from Sonic’s partnership with Adrastea, which introduces a new liquid staking token (LRT token, $lrtsSOL). This token, pegged 1:1 to SOL, allows users to stake their SOL on Sonic AVS while benefiting from expanded DeFi utility. With LRTsSOL, SOL holders gain added flexibility, using their staked tokens across Solana’s decentralized finance ecosystem, including on Adrastea’s platform, enhancing user engagement and financial options.

Growing Solana Staking Industry Gains Traction

Sonic SVM’s founder and CEO Chris Zhu emphasized that the $50 million milestone is a testament to Solana’s potential in staking and restaking. With Solana’s dynamic ecosystem, Zhu believes Solana is on a trajectory to rival Ethereum in its capacity to handle diverse, complex applications within the staking landscape. The partnership and associated achievements signal a growth phase for Solana, as it aims to create a decentralized network ready to support scalable applications.
Sonic growth comes amid broader optimism about Solana’s staking potential. Solana’s liquid staking sector could expand fivefold due to increasing retail interest. Industry observers highlight the potential for Solana’s ecosystem to mirror Ethereum’s success in liquid staking, as more protocols support restaking innovations.

The post Sonic SVM Partners with Solayer, Adrastea to Boost Solana Staking appeared first on Crypto News Land.

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