MoonPay launches Solana staking as investor demand for onchain yield grows

Discover key highlights within the Altcoin house. This article dives into: “MoonPay launches Solana staking as investor demand for onchain yield grows”.

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.

According to the corporate, customers can stake as little as $1 in Solana (SOL) and obtain a liquid staking token known as mpSOL. Rewards are distributed roughly each two days, and customers can unstake at any time with no lockup interval.

The characteristic is accessible beginning July 23 in every single place besides within the US state of New York and the European Economic Area (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 related yields and versatile liquidity choices.

Ivan Soto-Wright, CEO and co-founder of Moonpay, mentioned in a press launch that the corporate is “removing the barriers” from crypto rewards. “We’ve built a product that mirrors the ease and familiarity of a traditional savings account, but with the earning potential of blockchain networks behind it.”

Source: MoonPay

MoonPay’s new characteristic follows Solana staking surge

Founded in 2019, MoonPay launched as a simple fiat-to-crypto gateway platform that supplied infrastructure for purchasing, promoting and swapping crypto utilizing fiat companies. Since then, the corporate has dabbled in lots of Web3 companies and merchandise, together with NFTs, stablecoins, and now onchain yield.

Its newest characteristic arrives at a second when curiosity in staking, notably 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, in response to Solana Compass and BeaconScan. Solana staking affords an annualized return of round 8.3%, whereas Ethereum’s yield is round 3.2%.

Related: Solana corporations make strikes on staking, treasury and compliance

On Monday, Nasdaq-listed DeFi Development Corp introduced a current buy of 141,383 SOL, bringing its whole Solana holdings to 999,999.

Solana staking has additionally gained traction within the ETF house. The first Solana staking ETF launched on July 2. The fund surpassed $100 million in quantity in its first twelve buying and selling periods, signaling robust investor demand, notably from registered funding advisors (RIAs), in response to 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.

Magazine: X Hall of Flame: Solana ‘will be a trillion-dollar asset’ — Mert Mumtaz

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