2023-10-22
Marinade Finance is a liquid staking
platform that let users stake Solana (SOL). It currently has 8.16% staking APY
for SOL staking.
Users can stake SOL and receive mSOL in
return. Users can use mSOL in DeFi platforms that support mSOL such as Raydium.
TVL of SOL staking on Marinade Finance increased
from $133.7 million on October 18, 2023 to $245.23 million on October 22, 2023.
Solana (SOL) outperforms other
cryptocurrencies in the past week with 7 days price +33.87%. Solana transaction
fees were found to be among the cheapest fees of all blockchain networks.
