According to online reports, the Solana liquidity pledge token BNSOL TVL launched by Binance recently exceeded US$1 billion, accounting for more than 10% of the market value of all Solana liquidity pledge tokens. BNSOL's progress is mainly driven by the expansion of Solana's ecosystem, with its liquidity pledge share more than doubling in 2024 and an estimated market value of US$8 billion. More than 4.8 million SOL are pledged in BNSOL, and it is also the largest exchange supporting SOL liquidity pledge tokens. Jeff Li, vice president of Binance Products, said: "In just three months, BNSOL TVL exceeded US$1 billion, which reflects the huge market demand for BNSOL. The integration of BNSOL with various products on the Binance platform and the DeFi protocol has been a key factor driving the popularity of the token."