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Marinade in the media

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Recent media articles

Crypto News: Zodia Custody taps Marinade Finance to offer Solana staking services

Zodia Custody has integrated Marinade Finance to provide institutional clients with non-custodial Solana staking. The partnership allows users to stake SOL directly from their cold wallets using Marinade Native, aligning with institutional demands for secure, transparent, and smart-contract-free staking solutions on Solana.

Press

September 12, 2024

Unchained: Why Binance, Bybit, and Bitget want a piece of the Solana staking market

Unchained reports that centralized exchanges Binance, Bybit, and Bitget have each announced plans to introduce liquid staking tokens (LSTs) for Solana (SOL). These LSTs will enable users to earn staking rewards while maintaining liquidity for participation in decentralized finance (DeFi) activities such as lending and borrowing. The Solana liquid staking ecosystem has seen significant growth, with total value locked (TVL) increasing from $1.9 billion at the start of the year to $4.1 billion. Protocols like Jito, Marinade, and Sanctum currently dominate this market. The entry of major exchanges into the Solana staking space is expected to further expand the ecosystem and provide users with more options for earning rewards.

Press

August 29, 2024

DL News: DeFi protocol Marinade looks to reclaim share of $51bn Solana staking market as competition heats up

Marinade Finance has launched its Stake Auction Marketplace (SAM), a new mechanism designed to improve validator performance and decentralisation on Solana. The marketplace allows validators to bid for stake delegations by offering better performance and lower commissions, creating a more transparent and competitive staking environment.

Press

June 19, 2024

Blockworks: Marinade V2 introduces stake auction marketplace

Marinade Finance has announced the development of its Stake Auction Marketplace (SAM) as part of the Marinade V2 upgrade. SAM is designed to enhance staking yields by allowing validators to bid for delegations of staked SOL tokens. In this system, validators compete by offering higher yields to attract staked assets, potentially increasing staking rewards to over 9%. The marketplace aims to create a more efficient and competitive environment for staking on the Solana network.

Press

June 19, 2024

The Block: Marinade unveils 'Stake Auction Marketplace' to boost yields and promote Solana decentralization

Marinade Finance has introduced the Stake Auction Marketplace (SAM), a platform designed to enhance staking yields and promote decentralization within the Solana network. SAM allows SOL holders to delegate their tokens to validators through an auction system, enabling them to earn competitive rewards while supporting network security. This initiative aims to distribute stake more evenly across validators, reducing centralization risks and encouraging a more robust validator ecosystem. By participating in SAM, users can optimize their staking returns and contribute to the overall health and decentralization of the Solana blockchain.

Press

June 15, 2024

Messari: Marinade Q3 2024 brief

Messari's Q3 2024 brief on Marinade Finance highlights the protocol's resilience and innovation. The report notes a 9% quarter-over-quarter increase in Total Value Locked (TVL), reaching $849.3 million. This growth is attributed to strategic initiatives and an expanding user base. The brief also discusses Marinade's efforts in enhancing staking solutions and its role in the Solana ecosystem. These developments underscore Marinade's commitment to providing efficient and secure staking options for SOL holders.

Report

May 12, 2024

CoinDesk: 'It's so early': How Solana is competing with Ethereum for institutional interest

CoinDesk reports on Solana's efforts to attract institutional investors, highlighting its high transaction speeds and low fees as key advantages over Ethereum. The article discusses Solana's growing ecosystem, including the development of decentralized finance (DeFi) platforms and non-fungible token (NFT) projects. Industry experts note that while Ethereum remains the dominant platform for institutional adoption, Solana's technological advancements and increasing developer activity position it as a strong competitor in the blockchain space.

Press

May 11, 2024

Messari: Marinade Q1 2024 brief

Messari’s Q1 2024 report on Marinade Finance highlights steady growth across both liquid and native staking products. The protocol recorded a notable increase in Total Value Locked (TVL), expanded validator participation, and deeper ecosystem integrations. The report also details the performance of Marinade Native, growing MNDE governance activity, and the protocol’s role in supporting Solana network decentralization. Overall, the quarter reflects Marinade’s continued evolution as a key player in Solana DeFi infrastructure.

Report

May 1, 2024

Messari Report: Understanding Marinade: A comprehensive overview

Messari’s comprehensive report on Marinade breaks down the protocol’s evolution as a core staking infrastructure on Solana. It covers Marinade’s dual offerings—mSOL for liquid staking and Marinade Native for non-custodial staking—and analyses how the protocol promotes validator decentralization, secure delegation, and ecosystem alignment. The report also reviews MNDE tokenomics, governance design, and Marinade’s growing role in institutional staking adoption across the Solana DeFi landscape.

Report

March 20, 2024

Crypto News: 6 Solana protocols crossed $1B TVL

On October 1, 2024, six Solana-based platforms each surpassed $1 billion in Total Value Locked (TVL), marking a significant milestone for the network. According to DeFiLlama data, the protocols achieving this feat include liquid staking providers Jito and Marinade, lender Kamino, and decentralized exchanges Jupiter and Raydium. Collectively, these platforms amassed nearly $9 billion in TVL, reflecting Solana's rapid growth and increasing adoption in the decentralized finance (DeFi) space. Marinade's contribution underscores its role in enhancing liquidity and staking opportunities within the Solana ecosystem.

Press

January 10, 2024

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