MoonPay, a fintech firm specializing in crypto funds and Web3 infrastructure, has introduced a brand new liquid staking program for Solana holders. The product will leverage liquid staking to earn customers 8.49% annual yield on their SOL tokens.
In response to the corporate, customers can stake as little as $1 in Solana (SOL) and obtain a liquid staking token referred to as mpSOL. Rewards are distributed roughly each two days, and customers can unstake at any time and not using a lockup interval.
The function is out there beginning July 23 all over the place besides within the US state of New York and the European Financial Space (EEA).
MoonPay’s mpSOL providing enters a aggressive panorama dominated by Solana-native liquid staking platforms, particularly Marinade and Jito, every providing their liquid tokens with comparable yields and versatile liquidity choices.
Ivan Soto-Wright, CEO and co-founder of Moonpay, mentioned in a press launch that the corporate is “eradicating the boundaries” from crypto rewards. “We’ve constructed a product that mirrors the convenience and familiarity of a standard financial savings account, however with the incomes potential of blockchain networks behind it.”
MoonPay’s new function follows Solana staking surge
Based in 2019, MoonPay launched as a simple fiat-to-crypto gateway platform that supplied infrastructure for purchasing, promoting and swapping crypto utilizing fiat providers. Since then, the corporate has dabbled in lots of Web3 providers and merchandise, together with NFTs, stablecoins, and now onchain yield.
Its newest function arrives at a second when curiosity in staking, significantly on Solana, is gaining momentum.
In April 2025, Solana briefly surpassed Ethereum in whole worth staked, reaching over $53.9 billion in comparison with Ethereum’s $53.7 billion, based on Solana Compass and BeaconScan. Solana staking gives an annualized return of round 8.3%, whereas Ethereum’s yield is round 3.2%.
Associated: Solana corporations make strikes on staking, treasury and compliance
On Monday, Nasdaq-listed DeFi Improvement Corp introduced a latest buy of 141,383 SOL, bringing its whole Solana holdings to 999,999.
Solana staking has additionally gained traction within the ETF area. The primary Solana staking ETF launched on July 2. The fund surpassed $100 million in quantity in its first twelve buying and selling classes, signaling sturdy investor demand, significantly from registered funding advisors (RIAs), based on CEO Greg King in feedback to Cointelegraph.
On Wednesday, Upexi bought 83,000 SOL tokens for $16.7 million, bringing the Solana treasury firm’s whole holdings to 1.9 million SOL. Robinhood additionally introduced its introducing ETH and SOL staking for US prospects.
Journal: X Corridor of Flame: Solana ‘will likely be a trillion-dollar asset’ — Mert Mumtaz
