marinade finance00
$mnde
MCAP24.10M
-3.35%

what's marinade finance?

Marinade Finance is a non-custodial liquid staking protocol built on the Solana blockchain, enabling users to stake SOL and receive mSOL, a liquid representation of staked SOL that accrues staking rewards and can be used in DeFi applications. The protocol delegates stakes across a diverse pool of over 150 validators to maximize rewards while promoting network decentralization and security. Key features include zero deposit and performance fees for Marinade Native staking, automatic delegation to high-performing validators, and Protected Staking Rewards to mitigate slashing risks. MNDE serves as the governance and utility token, allowing holders to participate in protocol decisions and earn incentives. Marinade has grown significantly, surpassing 10 million SOL in staked assets and over $1 billion in TVL, highlighting its role in Solana's staking ecosystem.

Snapshot

Marinade Finance co-hosts a Dec 11 Abu Dhabi event with Blockdaemon & zkSync before Solana Breakpoint.

contract

solana

2D ago
ONCHAIN METRICS

Liquid staking on Marinade Finance has reached $490.02M TVL with a current APY of 7.02% and 30-day average APY of 6.24%.

1M ago

Co-hosts Proof of Brunch event in Abu Dhabi on December 11 with Blockdaemon and zkSync ahead of Solana Breakpoint and ADFW 2025 conferences.

The Select product line reaches 3.1M SOL in total value locked.

Launches first USDG "Recipe" allowing users to stake SOL and earn USDG stablecoin with boosted APYs in collaboration with Global Dollar.

Canary Funds' Solana ETF ($SOLC) receives approval from Nasdaq and launches tomorrow at market open, with Marinade Finance providing staking services for the ETF.

2M ago

Q3'25 launches MNDE buyback program and burns 300M MNDE tokens, with TVL reaching $2.2B and protocol revenue of $2.58M.

Records over 4.5K SOL in revenue during Q3, with more than 10.45 million SOL staked on the platform.

A whale holding over 23K SOL ($4.37M) staked becomes active after 10 months of dormancy, spending 65 mSOL ($16.7K) to buy 1.12M GHOST tokens.

Select validators run on infrastructure powered by doublezero and Jump Crypto's Firedancer, representing some of the most professional operators in the Solana ecosystem.

Total staked assets approach all-time highs at approximately $1.9B, up 100% since March.

Canary Funds files S-1/A amendment with the SEC for a Solana staking ETF that includes Marinade Finance, with ticker symbol SOLC trading on NASDAQ.

Protocol launches Instant Unstake functionality, enabling immediate SOL unstaking without waiting periods.

Ranks 9th in Solana ecosystem projects by development activity with stable month-over-month position based on GitHub event data.

$mSOL now available on 0dotxyz platform with incentives offering high APYs via stake-auction model.

15 validators blacklisted by Jito following report that 23 validators mainly staked through Marinade and Jito conducted sandwich attacks in over 6% of leader slots.

Partnership with Metaplex Genesis enables new Solana projects to stake raised SOL through Marinade and use earned yield for automated onchain buybacks.

Protocol achieves 3,000,000 MNDE in total cumulative buybacks.

mSOL TVL on Project 0 (0dotxyz) platform reaches over $19.2M following a growth campaign, with $2M added in the past week.

3M ago

Partnership established with Token Terminal for continuous data-driven stakeholder reporting, as total staked assets exceed $2 billion.

Last week mSOL offers 6.66% APR in main pool, ranking 3rd among top performing assets.

The protocol generates approximately $13M in annual revenue with half allocated to buybacks and holds 10M SOL in TVL (representing 2% of Solana's total staked supply), while trading at a market cap near $60M.

Liquid staking tokens including $MSOL experience surge with major inflows on Solana, grouped with other leading liquid staking protocols in the ecosystem.

Total buybacks from protocol revenue surpass 2,000,000 MNDE tokens.

Token shows 19.6% price increase in 7-day period, appearing on top micro-cap movers list.

A whale stakes 5,000,000 SOL valued at $1.2B through the protocol, representing significant whale activity.

Daily buybacks now exceed 61,500 MNDE, with the protocol on pace to repurchase approximately 5% of total token supply within one year.

VisionSys AI selects protocol as staking partner for $2B Solana Digital Asset Treasury (DAT).

Nasdaq-listed VisionSys AI (VSA) partners exclusively with the protocol for an up to $2B Solana treasury initiative, with the first phase targeting $500M in SOL to be acquired and staked within 6 months.

MNDE implements token buyback program as part of revenue-generating model alongside other top crypto projects.

Protocol climbs development activity rankings in Solana ecosystem, reaching 9th place with upward momentum since last month.

The protocol's Infinity product delivered 15-20% higher APY than competing liquid staking tokens JitoSOL and mSOL in Q2.

Revenue reaches $1M in August, up 42% from the previous month according to Solana ecosystem data.

4M ago

Protocol TVL surges 70% to $3.4B with market cap reaching $190M, significantly outpacing previous metrics.

A Solana ETF utilizing staking services lists on the DTCC, marking institutional adoption.

The protocol burns 300M MNDE tokens as the buyback program begins implementation.

MNDE token experiences +20% price surge with protocol maintaining over $2B in TVL.

Significant whale activity detected with multiple wallets accumulating MNDE tokens in the past 24 hours, highlighted by a $290.5K entry.

MNDE token surges 60% following introduction of MIP-13 protocol update.

Marinade confirms it is not affected by an ongoing NPM supply chain attack based on initial investigation while continuing to monitor the situation.

Protocol revenue funds market buyback of 8% circulating supply within first year

Token market cap reaches $130M while protocol increases planned revenue buyback program to 80%.

Canary files updated S-1 registration for Solana Spot ETF product incorporating protocol branding.

New ETF filing updates submitted to SEC with positive feedback, advancing regulatory process.

Monthly protocol revenue reaches $490k with combined 80% MNDE buyback strategy starting September.

Protocol implements monthly MNDE buybacks using 50% of performance fees, beginning September 2025, alongside restructured tokenomics removing staking allocation.

DAO approves proposal to burn 30% of total MNDE token supply with 54% vote support.

Galaxy, Jump Trading, and Multicoin Capital are raising over $1B collectively to purchase SOL, positioning for institutional-grade staking deployment through custody-integrated solutions.

BitGO partnership established to facilitate institutional SOL staking access.

New governance incentive program allocates 25M MNDE tokens for voters in 2025.

Protocol implements comprehensive tokenomics upgrade with 50% fee redirect to buybacks, 5% token burn, and +4% APY staking incentives, while achieving SOC 2 Type 2 compliance for institutional readiness.

New 4-week promotional staking campaign doubles SOL yield to 15.6% APR with no lockup period.

Achieves institutional product integration through live Solana Staking ETP and proposed ETF inclusion

5M ago

DAO proposes 500M MNDE token buyback and burn while redirecting all protocol fees to treasury.

Achieves 37/40 score on Blockworks Token Transparency with perfect marks in team/project and financial disclosure.

High SOL borrow rates currently exceed LST yields (7.95% mSOL), making leverage looping strategies temporarily unprofitable.

Protocol implements 50% revenue buyback program in September and proposes 100M token burn (10% of supply), while securing ETF name inclusion.

Protocol maintains $2B TVL while trading at $47M market cap, representing significant value divergence with 42x TVL/MCap ratio.

New 10% token supply burn proposal backed by CEO combines with active discussions with $300M-$1B Solana treasuries for institutional adoption expansion.

Protocol reports $10M+ cumulative revenue and planned buybacks while maintaining $38M market cap against $2B+ TVL.

New institutional-grade integration with BitGo enables professional custody and staking services for institutional clients.

Protocol implementing 50% revenue buybacks in September, currently maintaining $2B+ TVL with zero VC ownership.

Protocol generates $10M annual revenue with 0.02 Mcap/TVL ratio, indicating potential market mispricing.

Total staked SOL reaches 11,111,111, marking new TVL milestone.

Protocol reaches new milestone with 11M SOL ($2B+) TVL

6M ago

New staking collaboration with Pudgy Penguins enables SOL stakers to earn $PENGU rewards.

Select program launches with SOC-2 compliance, KYC'd validators, and automated yield optimization through Stake Auction Marketplace.

$25M incentive campaign proposed to accelerate migration to native staking platform.

Solana Staking ETF launches today, expanding institutional access to staking products.

Buyback program launching July targeting 10%+ annual token supply reduction

Regulatory clarity emerges for SOL staking ETF, highlighting disconnect between multi-billion TVL and current market valuation.

Marinade Select reaches $120M TVL and secures exclusive provider status for Canary Capital's Solana ETF.

Protocol faces increasing validator exploitation risk as 15 top sandwiching validators receive 98% of stake allocation.

Q1 2025 reveals $14.4M annualized protocol revenue while maintaining $1.74B TVL, significantly undervalued at $62M market cap versus comparable protocols.

Kamino Lend V2 market approaches $100M TVL milestone driven by mSOL Multiply vault growth.

Protocol implements 40% revenue buyback program ($6M annually) while securing ETF-compliant status and direct mention in ETF proposals.

7M ago

Multiple institutions file for SOL staking ETFs with provider selection pending between leading LST protocols.

Select validator program TVL increases from 120K to 839K SOL in single epoch due to institutional adoption.

New partnership with Zeus Network and BTCSOL launches direct SOL-to-BTC staking functionality on Solana.

New partnership enables mSOL holders to earn Bitcoin yields through btcSOL restaking while maintaining mSOL position.

New arbitrage opportunity available between SOL and mSOL tokens using Infinex's Swidge feature, potentially yielding profits above transaction fees.

New verified validator program 'Marinade Select' launches with institutional-grade infrastructure requirements.

New Solana staking ETF registered in Delaware by Canary Funds.

Native SOL staking through protocol offers 9% APY with additional 0.125% referral boost, maintaining highest yield position for native SOL staking.

SEC declares native staking not classified as security in ETF filing review.

Ranks as third largest Solana liquid staking token with $943M market cap, behind jitoSOL ($3.15B) and bnSOL ($1.54B).

Circulating supply decreases while daily new users increase since early 2024, indicating growing adoption despite reduced supply.

New instant unstaking feature eliminates fees and provides immediate liquidity across all validators.

Protocol launches instant unstaking capability, removing traditional waiting period for accessing staked SOL.

Key TradFi executive Hadley Stern (ex-BNY Mellon, Fidelity) joins to lead institutional bridge development

Project representatives discuss staking standards with multiple U.S. senators and representatives at Solana Conference, indicating increased regulatory engagement.

Canary Capital selects protocol for SOL staking integration in proposed spot Solana ETF.

Instant staked SOL migration capability goes live, improving protocol efficiency.

New 0.1% fee implemented on delayed unstakes with upcoming transition to standard stake accounts.

Currently provides highest Solana staking APY, representing leading yield opportunity.

Governance proposal MIP.11 approves implementation of MNDE buybacks.

8M ago

New evangelist program launches, offering rewards for content creators making threads and memes on X.