MNDE rallies 10% as Marinade Finance approves 300M token burn

Marinade Finance, one of Solana’s leading DeFi protocols, passed the vote on burning 30% of its token ￰0￱ news triggered an MNDE token rally of over 10% in the past ￰1￱ Finance (MNDE) passed the vote to burn 30% of the native token ￰2￱ Finance held a long-running vote on the proposal to burn tokens and boost the position of ￰3￱ transaction for MNDE will happen in two days, destroying 300M tokens ￰4￱ proposal received 100% votes in favor. 🔥 The burn proposal has passed quorum! In 2 days, 30% of $MNDE supply, 300,000,000 tokens will be sent to the burn address and gone ￰5￱ is true community ￰6￱ kitchen is cooking 👨‍🍳 ￰7￱ — Marinade 🛡️ (@MarinadeFinance) September 3, 2025 Marinade’s decision to burn tokens follows a similar approach by other ￰8￱ August, burns were announced for the OKX token, ￰9￱ (OM) also plans a token burn to recover some of its lost ￰10￱ expectation of the token burn and the actual announcement boosted the MNDE market ￰11￱ token is up over 56% in the past month, trading at $0.14.

MNDE trading volumes also expanded to a one-month ￰12￱ is a relatively obscure token, with no Hyperliquid speculation and limited data on derivative ￰13￱ benefits from the growth of the Solana DeFi ecosystem Marinade Finance now locks over $2.2B in total value, near its all-time ￰14￱ protocol fees have been rising since the market slump in April, with regular inflows of nearly $500K ￰15￱ the past month, Marinade Finance expanded its underlying value by nearly 20%, establishing itself as a top 10 Solana ￰16￱ is among the top producers of liquid staked SOL tokens, recently seeing peak inflows as Solana liquid staking took off in August. |) is the fourth-largest Solana LST by market capitalization, following the tokens of Jito, Binance, and Jupiter.

Recently, SOL staked in those protocols reached an all-time peak above 57M ￰17￱ staking on Solana arrived later compared to Ethereum, after copying its successful model. Additionally, Marinade showed it is keen on supporting validators by offering both simple and liquid staking for its clients. A total of 13.65% of the SOL supply is staked in LST ￰18￱ potential for passive income and DeFi usage boosts demand for locking up ￰19￱ is seen as an undervalued token MNDE is seen as a relatively overlooked token, which is now rising as Solana’s liquid staking reaches new ￰20￱ may be a proxy for SOL demand, where holders also seek reliable staking services.

Marinade’s burn move may boost the project’s visibility, as it competes with the rest of the liquid staking ￰21￱ data shows smart money whale accumulation for ￰22￱ burn also shows robust community engagement and belief in the project’s ￰23￱ Solana ecosystem accelerated in August, surpassing even Ethereum in some of its DeFi ￰24￱ network got a boost in value transfers, with a new inflow of ￰25￱ also recovered above $200, with signs of funds rolling over from ￰26￱ traded at $210.12, getting a boost from DEX activity and a pickup in meme ￰27￱ crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites