MoonPay Launches Liquid Staking for Solana Amid Rising Network Activity and Institutional Interest
Main Idea
MoonPay introduces liquid staking for Solana, offering an 8.49% yield and flexibility through the mpSOL token, amid rising institutional and retail interest in Solana's staking ecosystem.
Key Points
1. MoonPay launched liquid staking for Solana on July 23, providing an 8.49% annualized return and issuing the mpSOL token for liquid exposure without lockup periods.
2. The service excludes users from New York and the European Union due to regulatory restrictions.
3. Solana briefly surpassed Ethereum in total staked value in April 2025, reaching $53.9 billion compared to Ethereum's $53.7 billion.
4. Institutional players like DeFi Development Corp and Upexi are increasing their Solana holdings, signaling growing institutional demand.
5. The first Solana staking ETF launched on July 2, offering a regulated avenue for institutional investment and surpassing $100 million in assets under management.
Description
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