Nansen and Sanctum launch liquid staking token for Solana

Nansen and Sanctum have partnered to launch nxSOL, a new liquid staking token for Solana.

Liquid staking is taking off, especially on Solana. On Wednesday, October 15, blockchain analytics platform Nansen and infrastructure firm Sanctum partnered to release nxSOL, a liquid staking token for Solana. This token will enable SOL holders to earn staking rewards while retaining liquidity in their assets.

The move marks a major expansion of Nansen’s staking operation that currently spans 20 chains with over 350,000 stakers. Nansen controls more than $2 billion in staked assets and will now expand into Solana, which has one of the most active liquid staking communities.

Nansen partners with Sanctum for Solana liquid staking

Nansen’s partner in this operation is Sanctum, a Solana-focused infrastructure firm. Sanctum has nearly $3 billion in assets under management and is one of the largest providers of liquid staking infrastructure on the market.

As of May 2025, more than 67% of all Solana tokens are locked up in staking, earning staking rewards for holders. However, liquid staking accounts for just 10% of that figure.