Marinade Finance, the non-custodial staking protocol on Solana, is among the top performers in the past 24 hours. Although E crypto prices have cooled off, the uptrend remains. According to market data, MNDE crypto spiked 33% on August 6. At press time, prices are down, but the buyers are squarely in charge.
MNDE Crypto Rallying
From the daily chart, the August 5 bullish engulfing bar closed above local liquidation levels, reversing losses of late July 2025. If buyers push on today, rejecting lower lows and unwinding losses of earlier today, a break above $0.116 will be bullish for MNDE.
In that event, there is a high probability that the token will fly to $0.15 and back to Q2 2025 highs. At that pace, MNDE will easily outperform some of the top Solana meme coins.
However, the pace of this growth will depend on how fast Bitcoin, Solana, and other best cryptos to buy perform. If Solana breaks $200, its ecosystem tokens, including MNDE, will likely rise with the tide. On the flip side, if prices dump, MNDE bulls may find it hard to sustain the August 6 momentum.
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What is Marinade Finance?
Marinade Finance is a non-custodial staking protocol on Solana.
Like alternatives, including Jito Protocol, the platform allows users to trustlessly stake SOL and earn rewards without sacrificing liquidity or control. Stakers of SOL receive mSOL, the liquidity-staked token.
Liquidity-staked tokens from Marinade Finance can be moved to other DeFi protocols on Solana or other supported platforms to earn yield or act as collateral.
On the other hand, users can natively stake on Solana via Marinade Finance without smart contract intervention.
Behind the protocol is a DAO where MNDE token holders can vote and pass important governance decisions, including treasury management and validator selection.
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What’s Driving MNDE Crypto Demand?
Confidence in MNDE follows the recent SEC guidance on liquid staking, issued on August 5. The regulator said liquid staking, under certain conditions, doesn’t constitute offering unregistered securities.
The guidance was a massive victory for proof-of-stake networks like Solana and liquid staking providers like Marinade Finance. Of importance, the guidance, though non-binding, will remove the regulatory uncertainty that has long loomed over staking protocols.
With mSOL seen as a secure, liquid yield-generating asset on Solana, institutions and retail investors will likely flock to Marinade Finance, boosting fee revenue.
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Marinade Finance also finalized MNDE buybacks and active staking rewards on August 6. If MIP-13 is approved by the community, the protocol will use 50% of its monthly revenue to buy back MNDE tokens and move them to the DAO treasury.
Marinade is committed to deepening alignment between the protocol and $MNDE.
In today’s Spaces, we covered active voter rewards, protocol-funded buybacks, and a new community-led idea to burn 10% of the supply.
Quick recap 
1/5 pic.twitter.com/fgNiMJObwA
— Marinade 
(@MarinadeFinance) August 6, 2025
Under MIP-13, the community is also introducing active staking rewards (ASR). They plan to distribute 25 million MNDE tokens to active voters in 2025. The amount earned by a voter will depend on their voting frequency and size. This program encourages holders to continue HODLing while simultaneously directly incentivizing holders to participate in governance.
Another proposal, which is yet to be formally submitted on the governance forum, seeks to burn 10% of the total supply. If this proposal goes through, the total supply will reduce from 1 billion to 900 million.
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What is Marinade Finance? Why is MNDE Crypto On Fire?
- Marinade Finance is a non-custodial staking platform on Solana
- MNDE crypto is among the top performers
- SEC guidance on liquid staking is driving demand
- MIP-13 proposal introduces a buyback program
The post What is Marinade Finance? Why is MNDE Crypto On Fire? appeared first on 99Bitcoins.
