Posts about $xSOL
What makes xSOL special?
@tanacousticDerivatives•3$xSOL is a gem!My take on xSOL by Hylo: TokenGems tags it Liquid Staking, but Hylo's own docs classify xSOL as a Leveraged Token (an xAsset), while Hylo's real LSTs are hyloSOL and hyloSOL+. The live numbers here (price ~$0.0798, ~29.6k holders, ~$13.4M market cap, -95% all time) fit leveraged long exposure, not staking yield. Why it matters: an LST and a leveraged token carry very different risk, yield and liquidation mechanics, so listing xSOL next to classic LSTs misleads anyone comparing staking tokens. Practical suggestion: split Liquid Staking from Leveraged Tokens, or add a sub-tag, so leveraged xAssets are not shown beside real LSTs. Sources: docs.hylo.so (Leveraged Tokens page; Stablecoin and Yield page) and this token page FAQ.
Frequently asked questions
What is xSOL?
xSOL (xSOL) is a tokenized asset on the Solana blockchain that provides holders with leveraged long exposure to the price of Solana (SOL). It is part of the Hylo protocol, a decentralized finance system, where it is designed to absorb the price volatility of the underlying collateral to support the stability of the hyUSD stablecoin.
What chain is xSOL on?
xSOL is on Solana.
How many holders does xSOL have?
xSOL has 28,475 holders.
What is the current price of xSOL?
The current price of xSOL is $0.05.
What is the TokenGems score of xSOL?
The TokenGems score of xSOL is 78. A 0–100 quality rating computed from price performance, holder distribution, trading volume, and community activity.