Blockchain analytics firm Nansen has teamed up with Sanctum to launch nxSOL, a liquid staking token (LST) on the Solana blockchain. This new token enables users to earn staking rewards while retaining liquidity, thereby enhancing the functionality of staked SOL within Solana's decentralized finance (DeFi) ecosystem. Sanctum, which boasts a total value locked (TVL) of $2.5 billion, ranks as the fourth-largest protocol on Solana. The introduction of nxSOL marks a significant expansion in Solana's liquid staking market, joining other major protocols such as Jito and Marinade.