Marinade Reports Staking Growth and Revenue Gains
Total staked Solana rose by over 20% in Q3, shifting how users engage with the protocol's native and liquid staking options.
Updated on Oct. 23, 2026 in Economic Indicators
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Marinade reported that its total Solana holdings reached 7.94 million in stake by the end of Q3 2026, marking a 21.2 percent increase over the previous quarter. This growth was driven by gains in native and select staking products, which offset a decline in mSOL holdings.
Why it matters
The platform's growth highlights shifting preferences for staking mechanisms as users move away from liquid mSOL toward native and select alternatives. Revenue gains also reflect the implementation of a new fee policy that redirects marketplace proceeds to token repurchases.
Marinade saw its dollar revenue rise 25.9 percent to $1,001,410 in Q3 2026, equivalent to 10,918 Solana. The platform also purchased 4.2 million MNDE tokens during the period using 906.6 Solana.
The players
Marinade
A decentralized finance protocol providing staking services for the Solana blockchain.
The details
Marinade's growth trajectory shifted in the third quarter as native staking rose 47.3 percent to 3.77 million Solana and select products grew 38.7 percent to 1.68 million Solana. Simultaneously, the amount staked through mSOL fell 6.8 percent to 2.27 million Solana. These changes coincide with a policy effective July 2026, which directs 10 percent of Stake Auction Marketplace fees toward buying back MNDE tokens.
Timeline
A policy directing marketplace fees to MNDE buybacks took effect in July 2026.
The Q3 2026 reporting period concluded on September 30, 2026.
The first distribution of repurchased MNDE tokens opened on October 1, 2026.
Money Landscape
This development reflects a broader transition in decentralized finance protocols toward fee-redistribution models designed to support native tokens. It follows the recent implementation of auction fee policies that now serve as a primary mechanism for protocol-led token repurchases.
The shift in staking products may impact the yields available to individual Solana stakers who utilize these platforms. Review your specific staking arrangements and the associated fee structures to determine how these changes align with your current financial goals.
The takeaway
Marinade's Q3 results demonstrate how shifting user participation in staking products directly impacts both total stake volume and protocol revenue. Investors and participants should track the ongoing outcomes of the MNDE token repurchase program as a key indicator of protocol-level financial health.
Further reading
For more information on market trends, visit Economic Indicators.
Source note: This article includes information reported by TokenPost.
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