Nansen has teamed up with Sanctum to launch nxSOL, a liquid staking token on the Solana blockchain. This new token enables users to earn staking rewards while retaining liquidity, facilitating participation in Solana's decentralized finance (DeFi) ecosystem. Sanctum, a major player on Solana with $2.5 billion in total value locked (TVL), aims to boost the utility of staked SOL through this initiative. Currently, 68% of SOL is staked, amounting to $74.5 billion, with an average annual yield of 4.38%. Nansen's CEO highlighted that nxSOL will broaden the company's staking capabilities and support the expanding liquid staking market on Solana.