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.

“nxSOL marks the next chapter in Nansen’s staking journey, expanding our reach into Solana while staying true to our mission of making onchain participation simple, liquid, and secure. It’s about unlocking new horizons for users and builders as staking becomes an integral part of the onchain economy,” said Alex Svanevik, CEO of Nansen.

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.

“We’re proud to partner with Nansen to launch nxSOL. nxSOL is an incredible opportunity to bring Solana to the 350,000 stakers Nansen has outside Solana. Sanctum’s mission is to bring real yield on real assets to real people, and this partnership is a big step to furthering that mission,” said FP, CEO of Sanctum.

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.