The current real-time price of MNDE is $0.0371. In the past 24 hours, MNDE has traded between $0.0368 and $0.0413, showing strong market activity. The all-time high of MNDE is $1.64, and the all-time low is $0.0282.
From a short-term perspective, the price change of MNDE over the past 1 hour is , over the past 24 hours is -0.21%, and over the past 7 days is -8.84%. These figures provide a quick overview of the latest price trends and market dynamics of MNDE on LBank.-15.38%
The live price of MNDE today is $0.0371, with a current market cap of $20.297M. The 24-hour trading volume is 1M. The price of MNDE to USD is updated in real time.
Before deciding whether to buy or sell MNDE, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MNDE technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for MNDE.
How much will MNDE be worth tomorrow, next week, or next month in ? What about your MNDE assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! MNDE Price Prediction
To learn more about MNDE, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | J5BEce...FfCzhs  | 209.348M | 29.91% |
solana | B56RWQ...25YtvG | 153.434M | 21.92% |
solana | 8PrhRa...3aqp9n | 25.984M | 3.71% |
solana | AhEgQj...ENGewF | 21.946M | 3.14% |
solana | 2so7BV...FqLvcV | 18.030M | 2.58% |
Other | 271.253M | 38.75% |
Marinade is the leading non-custodial liquid staking protocol on the Solana blockchain. It enables users to stake their SOL to help secure the network. In return, they receive a liquid token called mSOL, which can be freely utilized across various decentralized finance (DeFi) applications. This mechanism allows users to maintain liquidity while contributing to the network's security and earning staking rewards.
The MNDE token primarily serves as the governance token for Marinade Finance. Its core utilities revolve around decentralized decision-making and protocol participation. Holders can vote on crucial matters such as protocol upgrades, treasury management, and the selection of validators that secure the network. Additionally, MNDE enables "Directed Stake," allowing holders to influence the distribution of SOL stake across validators, and offers "Active Staking Rewards" to encourage active participation in governance.
Following recent community proposals, Marinade Finance has established a program to utilize a significant portion of its protocol revenue. Specifically, 50% of Marinade's monthly revenue is allocated to buying back MNDE tokens directly from the open market. These purchased tokens are then directed back into the DAO treasury, aiming to strengthen the protocol's resources and align incentives with the community's long-term vision. This mechanism supports the token's ecosystem.
The MNDE token was initially designed with a total supply of 1 billion tokens. However, the Marinade community has actively engaged in discussions and passed proposals, such as MIP-13, regarding adjustments to this supply. These discussions include potential token burns, ranging from 10% to 30%, to enhance the token's value proposition. The circulating supply fluctuates, influenced by vesting schedules tied to milestone-based unlocks, contributing to the dynamic nature of MNDE's tokenomics.
For users who have locked their MNDE tokens to participate in governance, there is a specific cooldown period when they decide to unlock them. Once the unlock process is initiated, a mandatory 30-day period begins. During this 30-day timeframe, the MNDE tokens remain inaccessible for both voting and any other form of utility or transfer. This mechanism is designed to ensure stability and thoughtful participation within the governance framework.
MNDE tokens do not inherently earn automatic "inflation" staking rewards in the same manner as base assets like SOL. However, holders have several avenues to earn MNDE. One primary method is through the Active Staking Rewards (ASR) program, which incentivizes active participation in the protocol's governance. Additionally, users can earn MNDE by contributing liquidity to MNDE trading pairs on various leading decentralized exchanges within the Solana ecosystem, supporting market liquidity and ecosystem growth.
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