Major CEXs Launch Sanctum-Powered LSTs, $CLOUD Jumps 28%

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.

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