What exactly is Marinade Finance? What is driving the excitement around MNDE Crypto?

Marinade Finance, a non-custodial staking solution on Solana, has emerged as one of the leading performers over the last 24 hours. Even though MNDE (No data) cryptocurrency prices have dipped, the overall trend shows positivity. Trading market statistics reveal that MNDE crypto surged 33% on August 6. As of this moment, prices may have fallen, yet buyers long-term holding the reins firmly.

MNDE Crypto Popular

Examining the daily chart, the optimistic engulfing bar from August 5 settled above local liquidation points, reversing the losses incurred in late July 2025. Should buyers maintain their momentum today, pushing back against lower lows and recovering previous losses, a upward movement above $0.116 would indicate uptrend sentiment for MNDE.

In such a scenario, it stands a good chance that the token will soar to $0.15, revisiting the heights of Q2 2025. At this rate, MNDE is likely to outshine several of the leading Solana meme coins.

Nonetheless, the velocity of this ascent will be contingent on the performance of Bitcoin, Solana, and other top cryptos to invest in. Should Solana eclipse $200, tokens within its ecosystem, MNDE included, will potentially rise in tandem. Conversely, if prices decline, MNDE bulls could struggle to maintain the momentum from August 6.

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What is Marinade Finance?

Marinade Finance represents a non-custodial staking network on Solana.

Similar to alternatives such as Jito Network, this network permits users to stake SOL without compromising available volume or control. SOL stakers receive mSOL, the token that represents market fluidity staking.

Tokens acquired through market fluidity staking at Marinade Finance can be utilized across various Decentralized finance protocols on Solana or other supported platforms for yield generation or as collateral.

Conversely, users can stake natively on Solana via Marinade Finance without the need for self-executing contract interaction.

The protocol is governed by a DAO where holders of the MNDE crypto token have the opportunity to vote and make crucial governance choices, such as managing the treasury and selecting validators.

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What’s Fuelling Demand for MNDE Crypto?

The confidence in MNDE stems from the recent SEC guidance on liquid locking tokens, released on August 5. The authority stated that liquid locking tokens, under particular conditions, does not equate to the offering of unregistered securities.

This guidance marks a significant victory for proof-of-stake networks like Solana and liquid locking tokens service providers like Marinade Finance. Notably, although the guidance is not binding, it alleviates the regulatory ambiguity that has long overshadowed earning yield protocols.

With mSOL regarded as a dependable, liquid yield-generating asset on Solana, both institutional and retail investors are expected to gravitate towards Marinade Finance, leading to an increase in fee revenue.

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On August 6, Marinade Finance also completed MNDE buybacks and initiated active locking tokens rewards. If MIP-13 gains community approval, the platform plans to allocate 50% of its monthly revenue to repurchase MNDE tokens and transfer them to the DAO treasury.

Marinade is dedicated to strengthening the alignment between the platform and $MNDE.

In today’s Spaces, we discussed active voter rewards, protocol-funded buybacks, and a new community-led initiative to burn 10% of the circulating supply.

Brief recap

1/5 pic.twitter.com/fgNiMJObwA

— Marinade (@MarinadeFinance) August 6, 2025

Under MIP-13, the community is also launching active staking rewards (ASR). They aim to distribute 25 million MNDE tokens to active voters in 2025. The rewards a voter receives will depend on their voting activity and contribution size. This initiative incentivizes holders to keep HODLing while directly encouraging participation in governance.

Moreover, another proposal, which is pending formal submission to the governance forum, plans to burn 10% of the overall token supply. Should this proposal be accepted, the total token supply will decrease from 1 billion to 900 million.

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The post What is Marinade Finance? Why is MNDE Crypto Thriving? appeared first on 99Bitcoins.