Solana News: Bybit Launches Margin Staked SOL Offering Enhanced Earnings Opportunities

In a move that underscores the growing demand for innovative financial products in the cryptocurrency space, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced Margin Staked SOL. This new offering provides users with a unique opportunity to optimize their SOL earnings through leveraged borrowing and staking.

Bybit Launches Margin Staked SOL for Enhanced Earnings

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced Margin Staked SOL. This innovative product allows users to optimize their SOL earnings through Leveraged borrowing and staking, with the ability to leverage up to 2x. As of Mar. 17, 2025, the net APR of Bybit Margin Staked SOL stood at over 13%, providing greater earning opportunities for users. By leveraging and staking SOL, Bybit users can significantly enhance their on-chain rewards through bbSOL.

FalconX and StoneX Execute First Block Trade of CME’s SOL Futures

FalconX, a top prime broker for digital assets, and StoneX, a global financial services company, have completed the first-ever block trade of CME Group’s recently introduced Solana futures. According to a Mar. 16 press statement, this transaction demonstrates the rising demand for regulated digital asset investments like Solana (SOL), while further solidifying FalconX’s position as one of the industry leaders in institutional cryptocurrency trading. CME Group, the world’s largest derivatives exchange, launched SOL futures on Feb. 28 to give investors a way to trade Solana’s price movements without holding the asset. These futures are cash-settled and come in two sizes; 500 SOL for standard contracts and 25 SOL for micro contracts.

Solana Celebrates 5th Birthday Amid Market Weakness

Solana has marked its fifth anniversary but celebrations have been dampened by a weakened market. Launched on 16 March 2020, Solana currently ranks as the sixth-largest cryptocurrency by market cap. Co-founder Anatoly Yakovenko tweeted about the occasion. However, Solana has faced a decline in activity over recent months, with the number of addresses on the network decreasing since its peak in November. The popularity of memecoins was attributed to Solana’s success towards the end of last year, but the reduced popularity of Pump.fun, which had a meteoric rise in 2024, has led to a decline.

Pump.fun’s Revenue Hits 4-Month Low

Pump.fun’s revenue has hit a 4-month low, driven by a bottoming-out of its token graduation rate. As of Mar. 17, the protocol fee revenue is at $791,500, a 94% drop from the $15.38 million peak on Jan. 25. This marks its lowest single-day value since November. Additionally, the platform’s graduation rate, the number of memecoins that make it to Solana (SOL) decentralized exchanges, is currently at 0.98%, down from 1.62% on Jan. 20.