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Author: Admin | 2025-04-28
Orders, DCA, and other features.Marinade Finance – Leading Solana Lending ProjectQuick summary:Occupies the lending field.Focuses on liquid staking on Solana.Largest lending protocol on Solana.Marinade Finance is one of the biggest projects in Solana, with a total value locked surpassing $1.5 billion (April 2024).The protocol allows users to stake their SOL tokens and, in exchange, receive mSOL, which is the tokenized version of their staked assets. This means that while stake assets accrue yield and contribute to the network’s security and liquidity, users can deploy the mSOL tokens in other DeFi applications to maximize their income.Users can unstake at any time without needing to wait. Moreover, the protocol’s accessibility is not an issue, given that it’s integrated with exchanges like Coinbase and Solana-based wallets like Phantom.Marinade quickly became one of the top Solana projects after capitalizing on the liquid staking narrative alongside protocols like the Ethereum-based giant Lido. After losing nearly 90% of the TVL in its network following the bearish grip that took over the crypto market from late 2021-2023, Marinade gained momentum 2024, amassing billions in total value locked (TVL).FoundersMarinade Finance was founded in 2021 by Marco Broeken and Lucio Tato. Little information is available about the duo, mostly because the project is run by its decentralized autonomous organization (DAO).FundingThe exact amount Marinade Finance has raised is not publicly available. However, PitchBook reveals that Marinade completed at least one funding round and has secured investment from two VCs: Miton and Big Brain Holdings.Notable MilestonesImportant milestones for the protocol in 2024 include reaching over 160+ validators and the rollout of important developments. Some of them are:The rollout of Protected Staking Rewards in Q1, 2024, which allows Marinade to stake to more than its fleet of 100+ validators, further supporting decentralization on Solana.Improved TX performance for the dApp.The rollout of new marketing strategies to build new partnerships and push institutional adoption of Marinade’s growing product suite.Magic Eden: Solana’s Go-To NFT MarketplaceQuick summary:Occupies the NFT space.Offers support for Ordinals, Ethereum, Polygon, Base.Largest NFT marketplace on Solana.Solana’s non-fungible tokens space has been booming since 2021 and one of the largest marketplaces and the
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