Bybit Launches bbSOL on Solana, Reaches $5M TVL in 24 Hours, Available on Jupiter Exchange

Sep 6, 2024, 08:00 AM

Bybit has launched bbSOL, a Liquid Staking Token (LST) on the Solana blockchain, in collaboration with Sanctum, Kamino Finance, Orca, and Solayer. In just 24 hours after its launch, bbSOL has already reached a Total Value Locked (TVL) of almost $5 million. Solayer Labs has announced support for bbSOL, allowing holders to earn additional yield by delegating to AVS with shared economic security. Additionally, bbSOL is now available on Jupiter Exchange, Solana’s leading swap aggregator, ensuring users get the best swaps available across any supported token pairs. Bybit also offers 10% on USDe.