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Binance Staked SOL Review 2026: BNSOL Liquid Staking on Solana

Binance Staked SOL lets users stake SOL and receive BNSOL, a token that represents the staked position. It holds about $1.04 billion in TVL on Solana, but it relies on Binance as the issuer.

Solana

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

7.0/10

Good

Visit Binance Staked SOL

Our verdict on Binance Staked SOL

7.0/10

Binance Staked SOL suits SOL holders who already use Binance and want staking exposure represented by a token, BNSOL. Its main strength is scale: about $1.04 billion in TVL on Solana, with two audits listed. The main caveat is that it is issued by a centralized exchange, so you rely on Binance for custody and redemption. Fees and reward rates are not public, so check them in the product before staking.

Score breakdown

How Binance Staked SOL scores

Security: 6.5/10
Ease of use: 7.5/10
Fees: n/a
Features: 6.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Binance Staked SOL?

Binance Staked SOL is a liquid staking product on Solana. Users stake SOL and receive BNSOL, described by DefiLlama as the tokenized representation of their staked SOL.

DefiLlama tracks it in the Liquid Staking category on Solana, with about $1.04 billion in TVL and a 6.2% drop over the past seven days. It has been listed since September 2024 and shows two audits. The product is operated under the Binance brand.

How Binance Staked SOL works

Liquid staking lets you earn staking rewards without leaving your SOL idle. You deposit SOL, it is staked to help secure the Solana network, and you receive a token that represents your stake. Here that token is BNSOL.

The token stands in for your staked position. In general, liquid staking tokens reflect the staked amount plus accumulated rewards, and holders can later exchange them back for SOL under the issuer's terms.

The project does not describe the validator set, how rewards accrue or how redemption works. Those details are set by Binance and should be read in the product's own documentation.

4 features

Key features

Tokenized staked SOL

Users stake SOL and receive BNSOL, a tokenized representation of the staked SOL.

Solana-based

The product runs on Solana, so staking activity and the BNSOL token sit on that network.

Large TVL

DefiLlama shows about $1.04 billion in TVL, which makes it a sizeable liquid staking product on Solana.

Listed audits

Two audits are listed on DefiLlama, although their scope and findings are not detailed publicly.

Pros and cons

What we like

Large TVL of about $1.04 billion shows substantial use
Gives staked SOL a tokenized form through BNSOL
Backed by a well-known exchange brand
Runs on Solana, a widely used network
Two audits are listed on DefiLlama

Watch out for

Run by a centralized exchange, so users carry counterparty and custody risk that a purely on-chain protocol would not have
Fee and commission details are not, so the real cost of staking is unclear
TVL fell 6.2% over seven days, a reminder that liquid staking balances can move quickly
The BNSOL token's value and liquidity depend on the issuer and on Solana markets, and any depeg risk is not quantified
Only two audits are listed on DefiLlama, and their scope and findings are not described here

Binance Staked SOL fees

Fees are not published publicly available for this review. That includes any staking commission, reward share or redemption charge.

Users should check the staking or liquid staking page in their Binance account for current rates and terms. They should also account for ordinary Solana network costs if they move BNSOL on-chain.

Is Binance Staked SOL safe?

DefiLlama lists two audits for the product, but the auditors, scope and findings are not given publicly. Treat that as a positive signal that needs checking, not a guarantee.

Because Binance operates the product, users depend on the company for custody, staking operations and redemption. This differs from a non-custodial protocol, where smart-contract code is the main risk. Regulatory availability varies by country, so check that Binance services are permitted where you live. No incidents are mentioned publicly.

6 steps

How to get started with Binance Staked SOL

1
Confirm that Binance services are available and legal where you live, and complete any account verification Binance requires.
2
Fund your account with SOL, or buy SOL inside the platform.
3
Find the Binance Staked SOL or BNSOL option in the staking section of the app or site.
4
Review the current reward rate, fees and redemption terms shown there.
5
Stake your SOL and confirm that BNSOL appears in your balance.
6
Check whether BNSOL can be used elsewhere on Solana before assuming it has other uses.

Open Binance Staked SOL

Who Binance Staked SOL is for

This is aimed at SOL holders who want staking rewards and already trust or use Binance. It is less suited to people who want a fully non-custodial setup or who need clear published fee terms before committing.

Binance Staked SOL FAQs

What is BNSOL?

BNSOL is the tokenized representation of SOL staked through Binance Staked SOL. It stands in for your staked SOL so the position can be tracked as a token rather than a locked balance.

Is Binance Staked SOL safe?

DefiLlama lists it under Liquid Staking on Solana, with roughly $1.04 billion in TVL and two audits listed. It has been tracked since September 2024. Audit scope and results are not detailed publicly reviewed.

What are the fees for Binance Staked SOL?

Public sources reviewed do not state fees, commission rates or reward rates. Check the staking page inside your Binance account for the current figures before you stake.

Is Binance Staked SOL decentralized?

Not necessarily. Binance is the issuer and operator, so it is closer to a centralized product than a permissionless protocol. Whether BNSOL can be used elsewhere on Solana depends on integrations that are not covered publicly.

Can I get my SOL back from BNSOL?

Liquid staking tokens track the staked asset plus accrued rewards but can trade at a discount in stress. Redemption terms and timing are not described publicly, so confirm them in the Binance interface.

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