According to @MilkRoadDaily, roughly 420M SOL is currently staked on Solana, while Marinade Finance accounts for about 10M SOL (around 2% share), highlighting its smaller footprint versus network totals; source: @MilkRoadDaily. According to @MilkRoadDaily, Marinade has launched native staking that delegates SOL directly to validators while Marinade optimizes rewards in the background; source: @MilkRoadDaily. According to @MilkRoadDaily, the protocol is generating about $13M in annual revenue and is allocating 50% of that revenue to MNDE buybacks that began on September 5; source: @MilkRoadDaily. According to @MilkRoadDaily, MNDE has a real market cap near $60M, implying an approximate 4x revenue multiple, and MNDE trades around $0.10; source: @MilkRoadDaily.

According to @canaryassets on Twitter, Canary has filed an amendment for their Solana ETF, now including the term 'marinade' in the official documentation. This update suggests the ETF may gain exposure to Marinade Finance, a leading Solana liquid staking protocol. For traders, this could increase Solana’s institutional appeal and potentially drive higher on-chain activity and SOL price volatility. Market participants should monitor regulatory developments and liquidity changes as ETF products often impact crypto inflows and derivatives trading volume. (Source: @canaryassets Twitter, 2024-06-17)