Marinade's Solana Stake Climbs 21% in Q3 as Revenue Reaches $1 Million
Photo: TokenPost
Marinade ended the third quarter with 7.94 million Solana (SOL) staked, up 21.2% from the prior quarter. Growth in its Native and Select products outweighed a decline in the amount staked through mSOL. Native staking rose 47.3% to about 3.77 million SOL. Select, Marinade's institutional product, grew 38.7% to about 1.68 million SOL. The amount staked through mSOL fell 6.8% to about 2.27 million SOL. Dollar revenue rose 25.9% to $1,001,410. That was equivalent to 10,918 SOL, up 10.3% in SOL terms. Revenue from validator bond settlements, identified as SAM and Select fees, increased 38.1% in SOL terms.
Source: TokenPost
