Blockchain analytics platform Nansen has partnered with infrastructure firm Sanctum to release nxSOL, a new liquid staking token for the Solana network. The token, which launched on October 15, 2025, allows SOL holders to earn staking rewards without sacrificing the liquidity of their assets.

The move represents a significant expansion for Nansen’s staking operations, which already span 20 chains and involve over 350,000 stakers. The company, which manages more than $2 billion in staked assets, is now entering Solana’s active liquid staking market. Nansen CEO Alex Svanevik stated that nxSOL marks the next chapter in the company’s journey, aiming to make onchain participation simple, liquid, and secure for both users and developers.

A Strategic Partnership for Solana’s Ecosystem

Nansen’s partner, Sanctum, is a key player in Solana’s infrastructure, managing nearly $3 billion in assets. The firm is one of the largest providers of liquid staking infrastructure on the market. FP, the CEO of Sanctum, expressed pride in the partnership, noting it’s a major opportunity to introduce Solana to Nansen’s extensive user base. He added that the collaboration is a big step toward Sanctum’s mission of bringing real yield to a wider audience.

The launch of nxSOL targets a growing but underserved segment of the market. As of May 2025, more than 67% of all Solana tokens are locked in staking protocols. However, liquid staking solutions currently account for only about 10% of that total, highlighting a significant area for potential growth.