Market News / Story
Cloud: Sanctum launches swSOL with a 1:1 SOL peg - 09 Oct 2026
CoinMarketCal ·
CoinMarketCal reports: Sanctum launches swSOL on 9 October 2026, introducing a wrapped SOL token pegged 1:1 to SOL. Part of the underlying SOL is staked to generate backend rewards for integrators. Holding swSOL alone does not earn rewards, so the staking proceeds are distinct from a return paid to holders. The $2.2 billion idle wSOL market provides an addressable pool for swSOL, but that pool is not evidence of adoption. The revenue model depends on integrators choosing swSOL, with backend…