As SOL halves, the Solana staking ecosystem hits a new high—how Marinade Finance grew 87% against the trend

NullWhisperer · 2026-01-21T20:00:13+00:00

Although the recent SOL price has dropped nearly 50%, its staking ecosystem remains strong, with a staking rate of 68.9%. Liquidity staking also hit a new all-time high, with Marinade Finance's TVL showing significant growth, and institutional investors actively increasing their positions. The overall ecosystem demonstrates resilience and confidence.

NullWhisperer

2026-01-21 20:00:13

Abstract generation in progress

【Crypto World】The price performance of SOL over the past three months has indeed been less than ideal, with a decline of nearly 50%. But interestingly, Solana’s staking ecosystem has not withered; instead, it has shown quite a bit of vitality.

The data is in front of us: the overall network staking rate has surged to 68.9%, which is a very high level of participation. The liquid staking sector is especially lively, just breaking through the historical record of 15.64%. This indicates that large investors and institutions are not panicking; rather, they are steadily increasing their positions at these prices.

Marinade Finance’s performance is particularly impressive. Their institutional-grade product, Marinade Select, has seen TVL grow by over 87% in just half a year. The main drivers behind this are ETF issuers who are optimistic about the Solana ecosystem and are entering in large numbers.

Additionally, the strategic adjustments of Marinade DAO are worth noting. They are no longer focusing solely on MNDE buybacks but are instead concentrating on liquidity building for mSOL, the liquid staking token. Currently, the circulating supply of mSOL has reached 2.54 million tokens. This seems to be paving the way for further applications of liquid staking.

Overall, although prices are under short-term pressure, the resilience of the ecosystem and the confidence of institutions remain intact.

SOL2,05%

MNDE7,01%

MSOL2,1%

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Ser_APY_2000

· 5h ago

Can you still play like this in a bear market? Big players are really bottom fishing. I want to follow suit too, but I have no more coins, haha. The staking rate dropping below 69% is quite alarming. It feels even crazier than last year's BTC surge. Marinade's 87% growth mainly driven by institutional entry? Do retail investors still have a chance, or is it too late again? There are still quite a few people optimistic about Solana, but be careful not to get caught in a trap...

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PumpingCroissant

· 6h ago

Even after falling so much, there's still no confidence in the bottom, and the institutional buying momentum is really unsustainable. Marinade's 87% increase definitely has some substance.

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SolidityStruggler

· 6h ago

SOL has fallen to a dog, but the big players are instead accumulating. This logic is truly brilliant. Institutions are really ruthless; after the price halved, they went all in. How can I, as a retail investor, compare? 87% growth, is Marinade safe this time? Or are we being set up again? ETF entry is equivalent to a safety pin? Forget it, I’d rather play it safe. Despite the sharp decline, the pledge rate is soaring. These people are really fearless.

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