Marinade SOL staking rises 21.2% to 7.94M in Q3
- —Native grew 47.3% to ~3.77M SOL; Select rose 38.7% to ~1.68M SOL
- —mSOL declined 6.8% to ~2.27M SOL
- —Revenue hit $1.001M (+25.9%), or 10,918 SOL (+10.3%)
- —Marinade bought back 4.2M MNDE for 906.6 SOL on the open market
Why it matters: The shift toward institutional Select and the MNDE buyback point to changing demand for SOL staking away from liquid staking tokens.
Source: TokenPost