Solana News Today: MoonPay Offers 8.49% Yield on Solana Staking to Compete with 8.3% Native Platforms

MoonPay, a fintech firm specializing in cryptocurrency payments and Web3 infrastructure, has introduced a liquid staking product for Solana (SOL) holders, offering an 8.49% annual yield on their holdings. The feature, available from July 23 in regions excluding New York and the European Economic Area (EEA), allows users to stake as little as $1 in SOL and receive a liquid staking token called mpSOL. Rewards are distributed every two days, with no lockup period for unstaking. This move positions MoonPay in a competitive market dominated by Solana-native platforms like Marinade and Jito, which offer similar yields and liquidity features [1].

The initiative aligns with rising demand for onchain yields, particularly on Solana. In April 2025, Solana’s total value staked briefly exceeded Ethereum’s, reaching $53.9 billion compared to Ethereum’s $53.7 billion, according to Solana Compass and BeaconScan. Solana staking currently provides an 8.3% annualized return, significantly higher than Ethereum’s 3.2% yield. MoonPay’s CEO, Ivan Soto-Wright, emphasized the product’s accessibility, stating it mirrors the ease of traditional savings accounts while leveraging blockchain’s earning potential [2].

Recent market developments underscore Solana’s growing appeal. The first Solana staking ETF, launched on July 2, surpassed $100 million in volume within 12 trading sessions, driven by demand from registered investment advisors. Nasdaq-listed DeFi Development Corp recently purchased 141,383 SOL, expanding its holdings to 999,999 tokens. Meanwhile, Robinhood announced plans to offer ETH and SOL staking to U.S. customers, and Upexi increased its Solana treasury holdings by acquiring 83,000 SOL for $16.7 million [3].

MoonPay’s expansion into onchain yield builds on its evolution from a fiat-to-crypto gateway to a diversified Web3 platform. The company now offers services such as NFTs and stablecoins, reflecting broader industry trends toward user-friendly blockchain solutions. However, the competitive landscape remains intense, with established Solana staking platforms and regulatory scrutiny in key markets presenting challenges.

The product’s availability outside New York and EEA highlights ongoing regulatory complexities in crypto markets. Analysts note that while liquid staking enhances liquidity, risks such as validator performance and network security remain critical considerations for investors. MoonPay’s emphasis on low barriers to entry and frequent reward distribution addresses these concerns by catering to both novice and institutional investors seeking to optimize their Solana holdings [4].

Source:

[1] [title1MoonPay launches Solana staking as investor demand for onchain yield grows] [url1https://cointelegraph.com/news/moonpay-solana-staking-onchain-yield]

[2] [title2MoonPay’s new feature follows Solana staking surge] [url2https://cointelegraph.com/news/moonpay-solana-staking-onchain-yield]

[3] [title3Related: Solana firms make moves on staking, treasury and compliance] [url3https://cointelegraph.com/news/moonpay-solana-staking-onchain-yield]

[4] [title4Nasdaq-listed DeFi Development Corp announces purchases] [url4https://cointelegraph.com/news/moonpay-solana-staking-onchain-yield]