Solana LST holders earn $230M in staking rewards via Sanctum

Sanctum's liquid staking tokens have paid out about $230 million to holders since 2024 as the protocol's TVL hits record highs Solana stakers who chose liquid staking tokens over the traditional route have collected about $230 million in rewards through Sanctum since 2024, according to a post on X. The roughly $230 million figure lines up closely with onchain tracking. DefiLlama records approximately $233.85 million in cumulative fees for Sanctum Validator LSTs, a tally that covers both staking rewards and related fees. A liquid staking token, or LST, is a receipt you get when you stake SOL through a provider. Your SOL keeps earning staking rewards in the background.

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