MoonPay, a fintech firm focused on crypto payments and Web3 infrastructure, has introduced a new liquid staking program designed for Solana holders. This initiative offers participants an annual yield of 8.49% on their SOL tokens through liquid staking.

Users can begin staking with as little as $1 in Solana and will receive a liquid staking token called mpSOL in return. Rewards are distributed roughly every two days, and tokens can be unstaked at any time, with no lockup period involved. The service is available starting July 23, excluding users in New York and the European Economic Area.

mpSOL enters a competitive market already populated by Solana-native liquid staking platforms like Marinade and Jito, which offer similar yields and liquidity features.

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.”

MoonPay, founded in 2019 as a fiat-to-crypto gateway, has since expanded its services to include a range of Web3 products such as NFTs, stablecoins, and now staking-based yield. This new feature launches at a time when interest in Solana staking is growing rapidly.

In April 2025, Solana briefly overtook Ethereum in total value staked, hitting over $53.9 billion compared to Ethereum’s $53.7 billion, based on data from Solana Compass and BeaconScan. Solana staking currently offers an annualized return of around 8.3%, whereas Ethereum’s sits closer to 3.2%.

Staking activity around Solana has seen additional momentum from institutions and ETFs. DeFi Development Corp, a Nasdaq-listed company, recently disclosed the purchase of 141,383 SOL, increasing its total holdings to 999,999 SOL.

Meanwhile, the first Solana staking ETF, launched on July 2, surpassed $100 million in trading volume within its first 12 sessions. According to CEO Greg King, demand has been especially strong among registered investment advisers.

Upexi also announced the acquisition of 83,000 SOL tokens, valued at $16.7 million, bringing its treasury total to 1.9 million SOL. Additionally, Robinhood revealed it is rolling out staking options for both ETH and SOL to its U.S. customers.

Sources:

https://cointelegraph.com/news/moonpay-solana-staking-onchain-yield

https://ir.upexi.com/news-events/press-releases/detail/124/upexi-grows-treasury-to-1-819-million-sol-worth-331

https://x.com/moonpay/status/1948009277202833548

https://support.moonpay.com/customers/docs/staking