Solana News Today: MoonPay Launches 8.49% Solana Staking Product Challenges Marinade Jito

Generated by AI AgentCoin World
Wednesday, Jul 23, 2025 2:25 pm ET1min read
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Aime RobotAime Summary

- MoonPay launches 8.49% Solana staking product with $1 minimum, daily rewards, and no lockup periods, excluding NY and EEA.

- Competes with Marinade/Jito as Solana's TVL ($53.9B) briefly surpasses Ethereum's ($53.7B), driven by 8.3% vs. 3.2% yields.

- Institutional demand grows with $100M+ staking ETF volume and major purchases by DeFi Development Corp and Upexi.

- MoonPay's expansion reflects market shift toward blockchain yields amid low traditional returns and regulatory uncertainty.

- User-friendly design and fiat integration position it to attract both retail and institutional investors in competitive staking landscape.

MoonPay, a fintech firm specializing in crypto payments and Web3 infrastructure, has introduced a liquid staking product for

Solana
(SOL) holders, offering an annual yield of 8.49% on staked tokens. The service, available from July 23, allows users to stake as little as $1 and receive a liquid staking token called mpSOL. Rewards are distributed every two days, and unstaking can occur at any time without lockup periods. The feature is currently unavailable in New York and the European Economic Area [1].

The product positions MoonPay as a competitor to existing Solana-native liquid staking platforms like Marinade and Jito, both of which provide similar yields and liquidity options. Ivan Soto-Wright, CEO and co-founder of MoonPay, emphasized the initiative’s alignment with traditional savings accounts, stating, “We’ve built a product that mirrors the ease and familiarity of a traditional savings account, but with the earning potential of blockchain networks behind it” [1].

MoonPay’s expansion into staking reflects broader market trends. In April 2025, Solana briefly surpassed

Ethereum
in total value staked, reaching $53.9 billion compared to Ethereum’s $53.7 billion, according to Solana Compass and BeaconScan. Solana’s staking yield of 8.3% significantly outpaces Ethereum’s 3.2% [1]. The growing appeal of Solana staking is further underscored by recent developments, including the launch of the first Solana staking ETF on July 2, which exceeded $100 million in volume within its first twelve trading sessions. The fund has attracted strong demand from registered investment advisors, according to its CEO [1].

Industry participants are also increasing their exposure to Solana. Nasdaq-listed

DeFi Development Corp
recently purchased 141,383 SOL, raising its total holdings to 999,999.
Upexi
, a Solana treasury company, acquired 83,000 SOL for $16.7 million, bringing its total holdings to 1.9 million tokens. Meanwhile,
Robinhood
announced the introduction of ETH and SOL staking for U.S. customers, signaling broader institutional adoption [1].

MoonPay’s entry into the onchain yield space aligns with its evolution from a fiat-to-crypto gateway to a diversified Web3 infrastructure provider. Since its 2019 launch, the company has expanded into NFTs, stablecoins, and now staking services. The timing of its Solana offering coincides with a surge in demand for blockchain-based returns, particularly as investors seek alternatives to low traditional yields and regulatory uncertainties [1].

The competitive landscape for Solana staking remains dynamic. While platforms like Marinade and Jito dominate the native market, MoonPay’s integration with fiat onramps and user-friendly design could attract retail and institutional investors seeking simplicity. The absence of lockup periods and the ability to stake small amounts further differentiate the product, potentially broadening access to onchain yield [1].

Source: [1] [title1] [url1] https://cointelegraph.com/news/moonpay-solana-staking-onchain-yield?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound