$257.61
-5.11%
$256.62
24h Range
$284.70
Market Cap
$232,493,412.0
Fully Diluted Valuation
$232,200,969.7
24 Hour Trading Vol
$4,382,232.0
Circulating Supply
901,366.3
Total Supply
901,366.3
Max Supply
∞
Bybit Staked SOL Price
$257.61
24h Range
$256.62 - $284.70
Percent Change 1h
-0.06%
Percent Change 24h
-5.11%
Percent Change 7d
15.04%
All-time high
$308.60
All-time low
$122.51
1D
7D
1M
1Y
All
Bybit Staked SOL (BBSOL) is a tokenized version of staked Solana (SOL) offered by the cryptocurrency exchange Bybit. It allows users to stake their SOL tokens to earn rewards while maintaining liquidity through the BBSOL token. When users stake their SOL on Bybit, they receive BBSOL in return, which can then be traded, held, or used in various decentralized finance (DeFi) applications. The staking process involves locking up SOL to support the Solana network's operations, such as transaction processing and security, in exchange for staking rewards. As of 2024, staking rewards for SOL can be around 6% to 8% annually, depending on network conditions and validator performance.
Bybit was co-founded in March 2018 by Ben Zhou, who serves as the CEO. The founding team includes several individuals with extensive experience in the finance and technology sectors. Bybit is headquartered in Singapore and has grown to become one of the leading cryptocurrency exchanges globally, known for its derivatives trading, spot trading, and innovative products like Bybit Staked SOL. The company's focus on user experience and security has helped it attract millions of users worldwide.
Bybit Staked SOL operates by enabling users to stake their SOL tokens directly on the Bybit platform. The process involves the following steps:
The BBSOL tokens can also be traded on the Bybit exchange, providing users with the flexibility to manage their investments while still earning staking rewards.
Bybit Staked SOL offers several use cases for investors and traders:
These use cases illustrate how BBSOL enhances the utility of staked SOL while providing users with more opportunities to maximize their returns.
To ensure the safety of your Bybit Staked SOL (BBSOL), consider the following best practices:
By following these precautions, you can help protect your Bybit Staked SOL from potential risks.
Investing in Bybit Staked SOL (BBSOL) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Bybit Staked SOL: Once your account is funded, you can purchase Bybit Staked SOL directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Bybit Staked SOL using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Bybit Staked SOL (BBSOL) is currently trading at $257.61 and exhibits good potential for future growth. Check the latest Bybit Staked SOL (BBSOL) price prediction.
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