MoonPay introduces liquid staking for Solana as the network sees record staking activity, ETF inflows and major treasury buys from firms like DeFi Dev and Upexi.
MoonPay, a fintech company specializing in crypto payments and Web3 infrastructure, has announced a new liquid staking program for Solana holders. The product will leverage liquid staking to earn users 8.49% annual yield on their SOL tokens.
According to the company, users can stake as little as $1 in Solana (SOL) and receive a liquid staking token called mpSOL. Rewards are distributed approximately every two days, and users can unstake at any time without a lockup period.
The feature is available starting July 23 everywhere except in the US state of New York and the European Economic Area (EEA).
MoonPay’s mpSOL offering enters a competitive landscape dominated by Solana-native liquid staking platforms, especially Marinade and Jito, each offering their liquid tokens with similar yields and flexible liquidity options.
Ivan Soto-Wright, CEO and co-founder of Moonpay, said in a press release that the company 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.”
Founded in 2019, MoonPay launched as a straightforward fiat-to-crypto gateway platform that provided infrastructure for buying, selling and swapping crypto using fiat services. Since then, the company has dabbled in many Web3 services and products, including NFTs, stablecoins, and now onchain yield.
Its latest feature arrives at a moment when interest in staking, particularly on Solana, is gaining momentum.
In April 2025, Solana briefly surpassed Ethereum in total value staked, reaching over $53.9 billion compared to Ethereum’s $53.7 billion, according to Solana Compass and BeaconScan. Solana staking offers an annualized return of around 8.3%, while Ethereum’s yield is around 3.2%.
Related: Solana firms make moves on staking, treasury and compliance
On Monday, Nasdaq-listed DeFi Development Corp announced a recent purchase of 141,383 SOL, bringing its total Solana holdings to 999,999.
Solana staking has also gained traction in the ETF space. The first Solana staking ETF launched on July 2. The fund surpassed $100 million in volume in its first twelve trading sessions, signaling strong investor demand, particularly from registered investment advisors (RIAs), according to CEO Greg King in comments to Cointelegraph.
On Wednesday, Upexi purchased 83,000 SOL tokens for $16.7 million, bringing the Solana treasury company’s total holdings to 1.9 million SOL. Robinhood also announced its introducing ETH and SOL staking for US customers.
