MoonPay, the fintech firm known for its crypto payments and Web3 infrastructure solutions, has launched a new liquid staking product for Solana holders, offering an annual yield of 8.49% on staked SOL tokens.
The company announced on July 23 that users can now stake as little as $1 worth of Solana and receive mpSOL, a liquid staking token that earns rewards distributed roughly every two days. Unlike traditional staking, the program has no lockup period, allowing users to unstake at any time.
STAKE YOUR SOLANA
GROW YOUR POT
EARN UP TO 8.49% APY
AVAILABLE IN THE USA + WORLDWIDE
LIVE NOW IN THE APP https://t.co/99ZkdmaTSN pic.twitter.com/baFsVrlWFn
— MoonPay ???? (@moonpay) July 23, 2025
The feature is available globally except in New York State and the European Economic Area (EEA).
MoonPay’s entry into liquid staking places it in direct competition with Solana-native platforms like Marinade and Jito, both of which offer similar yields and flexible liquidity options. Ivan Soto-Wright, MoonPay’s CEO and co-founder, said,
“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 as a fiat-to-crypto gateway, MoonPay has expanded into NFTs, stablecoins, and other Web3 services. Its staking launch comes amid growing interest in Solana staking, which briefly surpassed Ethereum in total value staked in April, reaching over $53.9 billion compared to Ethereum’s $53.7 billion.
Solana staking yields currently average around 8.3%, higher than Ethereum’s approximate 3.2% yield. Recent institutional purchases reflect this momentum: DeFi Development Corp acquired over 141,000 SOL this week, bringing its total holdings close to one million, while Upexi boosted its treasury by buying 83,000 SOL for $16.7 million, raising its holdings to 1.9 million SOL.
Meanwhile, the first Solana staking ETF launched earlier this month, surpassing $100 million in trading volume within its first twelve sessions. Robinhood has also rolled out staking options for both SOL and ETH for its US customers, further expanding access to onchain yields.
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