On May 14th, Phantom launched PSOL, a native liquid staking token, allowing users to participate in SOL staking while maintaining liquidity for use with DEFI. PSOL Liquid Staking is available directly from Phantom Wallet, the most popular wallet app on the Solana network.
Phantom has made the staking interface user-friendly, even traders new to liquid staking. Users can access the feature by clicking “Start Acquisition Sol” on the app’s Solana Token page. However, users in some jurisdictions, such as the UK, are excluded from this feature due to regulations prohibiting staking.
According to Phantom, the move to liquid staking is part of an effort to support the broader Solana ecosystem that has seen rapid growth in liquid staking over the past few months. Sol Staking Tokens’ market capitalization was $7 billion in May. Sol Liquid Staking Tokens Jito, Binance, Marinade and Jupiter make up a large part of this market. However, the value of these tokens has fallen from their all-time high of $10 billion in the final week of January 2025.
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