Overview
Marinade(MNDE)
Token Price$0.02
24h Change+1.48%
All Time HighOct 9, 2021$1.64
All Time LowMar 30, 2026$0.017
Key Metrics
Market Cap$10.67m
Fully Diluted Valuation$19.52m
Circ. Supply546.4m MNDE
Max Supply1b MNDE
Volume 24h$100,239
CEX Volume$1.7m
DEX Volume$16,727
Treasury$5.92m
Majors$0
Stablecoins$3,162
Own Tokens$5.92m
Others$15.8
Income Statement for Marinade
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $6.64M | $13.66M | $26.64M | $39.48M | $30.93M | $43.82M | $35.28M | $18.24M | $25.29M | $11.71M |
Cost of Revenue | $6.07M | $12.63M | $24.84M | $36.67M | $29.28M | $39.74M | $33.03M | $17.51M | $24.33M | $11.27M |
Gross Profit | $573.87K | $1.02M | $1.80M | $2.81M | $1.64M | $4.07M | $2.25M | $737.83K | $954.71K | $443.09K |
Earnings | $573.87K | $1.02M | $1.80M | $2.81M | $1.64M | $4.07M | $2.25M | $737.83K | $954.71K | $443.09K |
Token Holder Net Income | $286.93K | $511.27K | $85.04K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Markets
Token Rights and Value Accrual
Updated May 07, 2026Overview
- Token(s)
- MNDE
- Token Type
- Governance
- Utility
- N/A
MNDE is the governance token of Marinade Finance, enabling holders to participate in DAO votes on treasury decisions, fee allocations, and protocol upgrades, while facilitating onchain buybacks from revenue to align incentives in Solana liquid and native staking.
Governance Rights
ControlDAO breakdown: veMNDE holders can upgrade the main program and control the treasury, Core Team (team council) own the main program parameters, DAO program and fees. MNDE must be locked in Realms to obtain veMNDE to obtain voting power. Voting power scales with lock duration & amount
Governance Decisions
Locking tokens is required to participate in governance.
Treasury Decisions
The primary usage of fees is to fund the team operations and further protocol development. The excess of fees accumulated is governed and decided by the DAO.
Revenue Decisions
DAO can vote on protocol fees.
Fee Switch
OFF50% of fees went to buybacks before buybacks were paused & redirected: fees now accumulate mSOL in the treasury.
Resources
Foundation Multisigs / Addresses
Equity Statement
Private equity entities do not accrue protocol fees. Holders have control over DAO reasury, fee direction & revenue. Labs equity has no rights over protol revenue or DAO treasury. Value accrual is focused on MNDE, with no plans to launch additional tokens.
Economic Rights
Value Capture50% of protocol fees went to MNDE buybacks under MIP-11, MIP-17 paused buybacks to focus building mSOL liquidity.
Buybacks
N/ABuybacks are currently paused
Dividends
N/ANo dividend or revenue distribution is currently active
Burns
N/AMarinade conducted a 300M token burn following proposal MIP-14 in September 2025
Ownership
- Fundraising
- None
- Equity Revenue Capture
- No
- Associated Entities
- DAOLabs (DevCo)Other
- Domain
- Marinade Finance
Token Usage
An is required to view token usage.
Yields
Tracking 3 pools, average APY 16.03%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabMNDE-MSOL | $251,530 | 3.91% | 3.91% | 1.63% | |||||
| open in new tabMNDE-MSOL | $31,645 | 23.47% | 23.47% | 1.54% | |||||
| open in new tabMNDE-SOL | $15,410 | 20.70% | 20.70% | 74.92% |