Marinade Q3 2024 Brief

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  • Marinade's Total Value Locked (TVL) increased by 9% QoQ to $849.3 million. Native staking now comprises 31% of Marinade's TVL.
  • Protected Staking Rewards (PSR) safeguarded staker yields, recovering 1,200 SOL in Q3. PSR requires validators to put up a SOL bond to be eligible for a stake in Marinade.
  • mSOL deposits in DeFi fell 3% QoQ to 1.2 million. Kamino led TVL for the second quarter in a row with 357,900 mSOL.
  • Marinade heeft de 6% stake fee verwijderd uit zijn vloeibare staking product, wat betekent dat de resterende omzet werd gegenereerd door het ontvloeien en de Stake Auction Marketplace.
  • Total Staked SOL fell 4% QoQ to 7.9 million in Q3. Including native staking, Marinade holds a 33% market share against Solana liquid staking providers.
  • Kamino maintained its majority share of mSOL in DeFi for the second quarter in a row. Kamino leads TVL on Solana, with a 57% growth rate QoQ to 357,900 mSOL. In September, Kamino launched Kamino Lend V2, which introduced permissionless market creation and aggregated liquidity through a vault layer.
  • Drift, het op zes na grootste protocol op Solana op basis van TVL, eindigde Q3 met 78.100 mSOL, een daling van 61% QoQ in aanbod. In vergelijking daarmee daalde JitoSOL met 28% QoQ tot 658.600 tokens, terwijl DSOL (Drift Staked SOL) met 2.629% QoQ steeg tot 155.300 tokens.
  • Solend previously featured the majority share of mSOL in DeFi, but Kamino surpassed it in Q1. In Q3, Solend mSOL supply decreased by 2% QoQ to 353,000 mSOL. Solend announced they are rebranding to Save in July, with plans to launch a native stablecoin called sUSD.
  • Solayer, een restaking-netwerk op Solana, werd gelanceerd eind mei. De aanvoer van mSOL van Solayer groeide met 34% QoQ tot 85.400 mSOL. In augustus kondigde Solayer een financieringsronde van $12 miljoen aan, geleid door Polychain.
  • Kamino received 8.3 million tokens in emissions.
  • Save (previously Solend) received 3.6 million tokens in emissions.
  • Raydium received 400,000 tokens in emissions.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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