MoonPay launches Solana staking as investor demand for onchain yield grows
Main Idea
MoonPay has launched a liquid staking program for Solana, offering users an 8.49% annual yield, as demand for onchain yield grows amid increased staking activity and institutional interest in Solana.
Key Points
1. MoonPay's new liquid staking product, mpSOL, allows users to stake as little as $1 in Solana and earn an 8.49% annual yield, with the feature available globally except in New York and the EEA.
2. The Solana network has seen record staking activity, briefly surpassing Ethereum in total value staked with over $53.9 billion in April 2025.
3. MoonPay's mpSOL enters a competitive market dominated by Solana-native platforms like Marinade and Jito, which offer similar yields and liquidity options.
4. Institutional interest in Solana is growing, with firms like DeFi Development Corp and Upexi making significant SOL purchases, and Robinhood introducing ETH and SOL staking for US customers.
5. Solana's staking yield is around 8.3%, significantly higher than Ethereum's 3.2%, contributing to its increasing popularity among investors.
Description
MoonPay introduces liquid staking for Solana as the network sees record staking activity, ETF inflows and major treasury buys from firms like DeFi Dev and Upexi.
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