Solana Launches nxSOL Liquid Staking Token with Nansen and Sanctum Partnership

Nansen and Sanctum have launched nxSOL on Solana, enhancing staking efficiency, liquidity, and capital efficiency for users.

Areeba Rashid
October 15, 2025
9:46 pm

Areeba Rashid

Areeba Rashid is a dedicated crypto news writer with a passion for making complex topics accessible to everyone. She covers the latest developments in the crypto world, including in-depth price analysis, helping readers stay informed and make sense of market trends.

Solana strengthens its staking ecosystem with the launch of nxSOL, a new liquid staking token.
Over 350,000 stakers join Nansen’s expansion into Solana with nxSOL, boosting liquidity and rewards.
nxSOL makes Solana staking more capital-efficient by providing rewards without locking assets.

Nansen and Sanctum have joined forces in Solana with a new liquid staking token, nxSOL. This partnership was announced on October 15, 2025, and it seeks to make staking options in the Solana system more robust. The relocation will enable a user to receive staking rewards without locking up their assets.

Nansen, a blockchain analytics platform, is extending its staking offerings to Solana. Nansen already has more than 20 blockchains and over 350,000 stakers, with over 2 billion of staked assets under its management. nxSOL is an entry point of Nansen into the expanding liquid staking ecosystem of Solana.

From $100M to $2B in 9 months.
Thats 20x in under a year.
You lots are legends. https://t.co/hncmPraqPs pic.twitter.com/pRw5VjASRj
— Nansen 🧭 (@nansen_ai) May 25, 2025

Solana Staking Grows with nxSOL Partnership

Alex Svanevik, CEO of Nansen, pointed out the importance of the new token. He said that the next stage of their staking adventure is nxSOL. Nansen is currently extending into Solana with the goal of making staking easy, safe, and liquid. The collaboration creates new opportunities to users and developers in the on-chain economy.

Sanctum, a Solana-focused Infrastructure company, is one of the partners of the initiative. Sanctum is among the largest liquid staking infrastructure providers, with assets under management of almost $3 billion. This collaboration will lead to the introduction of Solana into Nansen, with 350,000 stakers increasing the spread of the SOL staking ecosystem.

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FP, CEO of Sanctum, said he was excited by the launch. He was delighted to collaborate with Nansen to launch nxSOL into the market. He pointed out that the project is in line with the mission of Sanctum to deliver real yield on real assets. This collaboration will bring SOL a step closer to making staking rewards available to more people.

nxSOL Enhances Capital Efficiency in Solana’s Staking Ecosystem

As of May 2025, a majority of Solana has been staked at 67%, and liquid staking amounted to 10%, as nxSOL will tend to make staking more capital efficient with retaining liquidity. This token will help users gain staking rewards without having to lock their assets away.

Liquid staking has become essential to blockchain networks with the emergence of decentralized finance (DeFi). Solana, via nxSOL, is establishing itself as a leader in this space. This collaboration with Nansen and Sanctum will help SOL users stake more easily, efficiently, and liquidly.

This release marks an important milestone in the staking ecosystem of SOL. It provides more staking opportunities and gives Solana a stronger presence in the expanding DeFi ecosystem.

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