SOL LST Landscape: Don’t Let TVL Fool You - Sanctum Is the One to Watch
The chart shows that Jito is currently leading the LST sector on Solana. That’s true, but @sanctumso seems to be signaling something else.
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While Jito currently holds the largest TVL among Solana’s LSTs, it’s @sanctumso that has shown the most impressive growth - recently breaking its ATH
The gap between Jito and Sanctum is closing fast.
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This momentum may stem from @sanctumso unique approach: allowing anyone to create their own LST permissionlessly.
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Next, one of @sanctumso biggest strengths is the Sanctum Router, which serves as a liquidity bridge across numerous LSTs on Solana.
Rather than forcing users to rely on siloed protocols, the Router enables seamless swaps between staking tokens - reducing friction and maximizing capital efficiency.
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Additionally, the @sanctumso Reserve ensures liquidity and trustworthiness for newly launched LSTs, which is crucial for attracting developers and validators to launch their own tokens.
The Reserve currently holds over 400,000 $SOL, though retail users are not yet allowed to deposit directly.
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Since the launch of Solana’s first ETF in the U.S., we’ve seen @sanctumso surge past its previous ATH - unlike many other projects, which haven’t seen comparable breakthroughs.
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In terms of FDV and performance, @sanctumso appear significantly undervalued relative to the current front-runner, Jito
Looking ahead, @sanctumso could experience a perfect run in terms of TVL, and the possibility of reaching the top spot is entirely within reach.
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