MoonPay has introduced Solana (SOL) staking in its app, joining a growing number of platforms broadening access to Solana staking rewards amid increasing demand.
The new feature allows users to stake SOL and earn up to 8.49% APY, with rewards paid out every two days. It is now available in over 100 countries, including the U.S. (excluding New York), Canada, and the UK.
“We’ve designed a product that offers the simplicity of a traditional savings account, combined with the earning potential of blockchain technology,” MoonPay stated in a press release.
The Rise of Solana Staking
MoonPay’s mpSOL offering enters an increasingly competitive and fast-evolving Solana staking landscape. Established Solana-native liquid staking protocols like Marinade and Jito have long led the market, providing users with flexible liquidity and attractive yields. These platforms enable users to stake SOL while maintaining the ability to trade or transfer it via tokenized assets such as mSOL and JitoSOL.
The ecosystem has seen significant recent developments. Robinhood recently integrated Solana staking into its platform, while BitGo, a major crypto custody firm, expanded its staking capabilities through a new Marinade Native integration—allowing institutional clients to stake SOL directly from their wallets.
Meanwhile, investor interest in Solana staking continues to rise. The newly launched REX-Osprey Solana + Staking ETF debuted on the Cboe exchange, closing its first trading day with $33 million in volume and $12 million in inflows—underscoring strong demand for SOL staking exposure.
