Solana Liquid Staking
Solana liquid staking token prices
Solana liquid staking tokens trade almost exclusively on-chain, which makes them a native fit for DEX-based pricing. ML Data covers 27 pairs across 6 Solana LSTs, including the LST-to-LST crosses that reveal relative staking-market pricing.
Priced in SOL first, in Solana's own venues
Solana LSTs trade overwhelmingly against SOL, in Solana's own concentrated-liquidity venues: Orca Whirlpool, Meteora DLMM, Raydium CLMM. There is no meaningful centralized market to fall back on, so a defensible USD rate has to start from those pools: the SOL ratio they pay, resolved through the on-chain SOL market from the same block. The stETH feed prices Ethereum's flagship LST the same way, through ETH.
The LST-to-LST crosses in the catalog do extra work here. Pools like JitoSOL/mSOL or bSOL/JitoSOL price the staking market relative to itself: when one token drifts against its peers, the crosses show it directly instead of hiding it inside two separate USD rates.
Inside the flagship: JitoSOL/USD
Composition as observed on 2026-10-27: 10 active pools across 2 chains, spanning four venue families.
Venues read today: Orca Whirlpool, Meteora DLMM, Raydium CLMM on Solana plus Uniswap v3 on Base. Thin venues stay outside the composition until they clear the depth floors.
Solana LST FAQ
What is a Solana LST price?
The market rate for a Solana liquid staking token like JitoSOL or mSOL, measured in the on-chain pools where it trades against SOL, USDC plus USDT. Like every LST it also has a protocol exchange rate; the market rate is where liquidations plus collateral valuations actually happen.
Which Solana LSTs does ML Data cover?
Twenty-three pairs across JitoSOL, mSOL, bSOL, jupSOL, INF plus hSOL, including LST-to-LST crosses like bSOL/JitoSOL that reveal relative staking-market pricing.
Why are Solana LSTs priced mainly against SOL?
Because that is where their liquidity lives. A Solana LST trades first against SOL in concentrated-liquidity pools, the same way stETH trades against ETH on Ethereum. The USD rate resolves that SOL ratio through the on-chain SOL market from the same block, so both legs of the price describe one moment in time.
Which venues do the Solana LST feeds read?
Solana's own DEX landscape: Orca Whirlpool, Meteora DLMM plus Raydium CLMM pools, observed block by block. Where an LST's liquidity extends beyond Solana, the feed follows it: JitoSOL/USD currently includes a Base-chain pool in its composition.