About Marinade Staked SOL
mSOL tokens represent SOL tokens staked using the Marinade.Finance liquid staking protocol. Marinade.Finance users receive mSOL tokens that accrue staking rewards upon staking SOL tokens. Since mSOL tokens are liquid, they can be used to participate in DeFi across the Solana ecosystem.
Buy Marinade Staked SOL
Trading Insights
Buyer Ratio
Traders
22
-12%
Buyers
16
33.33%
Sellers
12
-7.69%
Searched
15
Market Stats
Market Cap
£794.37M
-0.18%
FDV
£794.37M
Circ. Supply
3.4M MSOL
Max Supply
3.4M MSOL
Total Supply
3.4M MSOL
Diluted Valuation
£795.67M
Performance
Popularity
#9,354
Dominance
0.03%
Volume (24H)
£16.23M
227.09%
Volume (7D)
£61.37M
Volume (30D)
£457.41M
All time high
£264.64
Price Change (1Y)
79%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Wrapped tokens: Wrapped crypto-assets (e.g. cbETH, WBTC) (often referred to as 'wrapped tokens') are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols.
Smart contract risk: Wrapped tokens rely on smart contracts to ensure their value remains pegged to the underlying asset. These contracts could have vulnerabilities or flaws that can be exploited, potentially leading to a loss of funds.
Collateral risk: The value of a wrapped token is typically backed by an equivalent amount of the underlying asset. If the mechanisms ensuring this collateralization fail, the wrapped token's value might not be preserved.
Custodial risk: The underlying assets for wrapped tokens may be held in custody by a third party. If this party becomes insolvent, mismanages the assets, or is subjected to fraud or hacking, the value of the wrapped token might be jeopardized.
Bridging risk: Wrapped tokens are often used to bridge assets between different blockchain ecosystems. The integration layers that facilitate these bridges might suffer from technical issues, hampering the ability to transfer or utilize the tokens as intended.
Pricing disparity: In certain situations, the price of the wrapped asset and its underlying asset might diverge due to market inefficiencies or liquidity issues.
Additional details
Recent trends
The price of Marinade Staked SOL has decreased by 0.43% in the last hour and decreased by 0.11% in the past 24 hours. Marinade Staked SOL’s price has also fallen by 3.71% in the past week. The current price is £233.07 per MSOL with a 24-hour trading volume of £16.23M. Currently, Marinade Staked SOL is valued at 11.93% below its all time high of £264.64. This all-time high was the highest price paid for Marinade Staked SOL since its launch.
The current circulating supply of Marinade Staked SOL is 3,404,341 MSOL which means that Marinade Staked SOL has as total market cap of £794,367,810.42.
Market details
MSOL vs markets
↘ 3.56%
MSOL vs BTC
↘ 1.62%
MSOL vs ETH
↗ 3.52%
Tags
defi
liquid-staking-derivatives
ftx-bankruptcy-estate
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Solana | mSoLzYCxHdYgdzU16g5QSh3i5K3z3KZK7ytfqcJm7So | |
Ethereum | 0x756bFb452cFE36A5Bc82e4F5f4261A89a18c242b |
Price history
Time | Price | Change |
|---|---|---|
Today | £233.07 | ↘ 0.11% |
1 Day | £234.19 | ↘ 0.11% |
1 Week | £241.50 | ↘ 3.71% |
1 Month | £180.45 | ↗ 30.22% |
1 Year | £132.28 | ↗ 79.00% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Marinade Staked SOL (MSOL) is a product of Marinade.finance, a liquid staking protocol built on the Solana blockchain. MSOL is a tokenized representation of staked SOL tokens within the Marinade ecosystem. Users stake their SOL tokens with Marinade, which employs automated staking strategies to delegate the SOL to validators. In return, users receive MSOL tokens that they can utilize within the decentralized finance (DeFi) space or swap back to original SOL tokens at any time. The protocol aims to enhance the utility of SOL tokens by allowing them to be staked and used simultaneously, thereby contributing to the decentralization of the Solana network.
Marinade Staked SOL operates through a process known as liquid staking. Users stake their SOL tokens with Marinade, which then delegates these tokens to a pool of high-performing Solana validators using an automated staking strategy. In return, users receive an equivalent value of MSOL tokens. The price of MSOL increases relative to SOL with each Solana epoch as inflation rewards are accrued into the underlying staked SOL in the Marinade stake pool. Users can withdraw their SOL by unstaking and waiting for the unlock period or, if liquid staking, immediately with a fee. MSOL tokens can also be exchanged directly for SOL on secondary markets at the current market rate.
Marinade Staked SOL (MSOL) seeks to provide users with the ability to participate in the DeFi space while simultaneously staking their SOL tokens. This dual functionality aims to increase the utility and flexibility of SOL tokens. Users can stake their SOL tokens in exchange for MSOL, which can then be used in various DeFi applications. Additionally, MSOL holders can participate in the Marinade DAO governance, influencing the future direction of the protocol. MSOL tokens can also be exchanged directly for SOL on secondary markets, providing additional liquidity options for users.
Marinade.finance, the protocol behind Marinade Staked SOL (MSOL), was founded through Solana ecosystem grants at the Solana Hackathon in 2021. The protocol launched its liquid staking protocol and the MSOL liquid staking token on the mainnet in August of the same year. The MNDE governance token was minted on November 7, 2021, as a fair-launch token with no Initial Coin Offering (ICO). In April 2022, Marinade launched on-chain DAO governance, and since then, all decisions related to the treasury have been voted on chain. In July 2023, the DAO migrated its governance platform to Realms, enabling direct control of the treasury and protocol decisions by MNDE holders.
We update our Marinade Staked SOL to GBP currency in real-time. Get the live price of Marinade Staked SOL on Coinbase.
The current market cap of Marinade Staked SOL is £794.37M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Marinade Staked SOL is £264.64. This all-time high is highest price paid for Marinade Staked SOL since it was launched.
Over the last 24 hours, the trading volume of Marinade Staked SOL is £16.23M.
Assets that have a similar market cap to Marinade Staked SOL include Lista Staked BNB, StakeWise Staked ETH, SolvBTC, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Marinade Staked SOL is 3.4 million.
Marinade Staked SOL ranks 343 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 50% of Coinbase users are buying Marinade Staked SOL. In other words, 50% of Coinbase customers have increased their net position in Marinade Staked SOL over the past 24 hours through trading.
Yes, Marinade Staked SOL is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Marinade Staked SOL guide.
Social stats
Popularity in posts
#1678
Contributors
48
Posts
186
% About Marinade Staked SOL
0.014%
Hold times
0 days
X (Twitter)
21.5% bullish
Sentiment
4.6 ★
Highlights
48 unique individuals are talking about Marinade Staked SOL and it is ranked #1,678 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Marinade Staked SOL has an average sentiment score of 92 out of 5. Finally, Marinade Staked SOL is becoming less newsworthy, with 0 news articles published about Marinade Staked SOL.
On Twitter, people are mostly neutral about Marinade Staked SOL. There were 21.86% of tweets with bullish sentiment compared to 1.65% of tweets with a bearish sentiment about Marinade Staked SOL. 78.14% of tweets were neutral about Marinade Staked SOL. These sentiments are based on 186 tweets.
On Reddit, Marinade Staked SOL was mentioned in 0 Reddit posts and there were 0 comments about Marinade Staked SOL. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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