
Several major centralized exchanges (CEXs), including Binance, ByBit, and Bitget, have announced the launch of new Liquid Staking Tokens (LSTs) powered by Sanctum. This move highlights the increasing integration of decentralized finance (DeFi) protocols within traditional exchange platforms. The introduction of these LSTs is expected to significantly boost the total value locked (TVL) in the DeFi sector. Additionally, the launch of Bybit's bbSOL, also powered by Sanctum, has resulted in a 28% increase in the value of the $CLOUD token. These developments underscore the growing importance of staking SOL as a means to achieve real yield on assets.
CEX has a 10 year headstart Soon, DEX will overtake due to open source software & permissionless nature. Price execution will be better, UX will be identical. CEX will wrap DeFi protocols & issue stables Onchain assets will be traded onchain - how it was meant to be Onwards https://t.co/fF4QsnKdmc
CEX UX is honestly great. why do people choose to use a DEX over a CEX?
🧠 Kaia Mainnet is Live! Boosting Web3 adoption in Asia with LINE & Kakaotalk. $CLOUD jumped 28% after Bybit launched bbSOL, powered by Sanctum (CLOUD). 🌐 Explore More: https://t.co/kSkercZHBp #BybitNews #TheCryptoArk #DailyBits https://t.co/Sbe5evTuup
