Cryptocurrency
Marinade Finance Makes Strategic Investment in SuperSol
[PRESS RELEASE – Dubai, United Arab Emirates, December 19th, 2024]
Marinade Finance Makes Strategic Investment in SuperSol to Boost Solana’s Growth and Enhance Layer-2 Capabilities.
The Solana ecosystem has been witnessing rapid growth and evolution, with demand for scalability, performance, and real-time capabilities reaching new heights. This growth is driven not only by traditional decentralized finance (DeFi) applications but also by the rise of emerging sectors like GameFi (gaming on blockchain) and Decentralized Physical Infrastructure Networks (DePIN). In response to these expanding needs, Marinade Finance, a prominent self-custodial staking protocol on the Solana network, has made a strategic investment in SuperSol, the first native Layer-2 scaling solution for Solana. Marinade enables SOL holders to automatically delegate their tokens to top-performing validators in a competitive open marketplace, optimizing yields by allowing validators to share fees directly with stakers.
Strengthening Solana’s Infrastructure for a New Era
SuperSol, designed to significantly enhance Solana’s scalability and performance, aims to address the growing demand for efficient and reliable infrastructure that can support the next wave of decentralized applications (dApps). With a primary focus on sectors such as GameFi, which combines gaming with decentralized finance, and DePIN, which utilizes decentralized networks for physical infrastructure, SuperSol is poised to become a critical component in the future of the Solana blockchain.
The investment by Marinade Finance is seen as a crucial move to help SuperSol accelerate its development and adoption. By supporting innovations like SuperSol, Marinade is positioning itself at the forefront of the efforts to improve Solana’s Layer-1 and Layer-2 capabilities, ensuring that the network can handle the next generation of dApps and meet the increasing demand for high-performance, low-cost, and scalable solutions.
The Role of Marinade Finance in the Solana Ecosystem
Founded in 2021, Marinade Finance has quickly established itself as one of the most prominent players in the Solana ecosystem. The platform allows users to automatically stake SOL tokens, Solana’s native cryptocurrency, while receiving mSOL, a liquid staking derivative. mSOL allows users to earn staking rewards while maintaining liquidity, enabling them to participate in other DeFi activities without locking their assets.
Through this innovative approach to staking, Marinade Finance has significantly contributed to the overall growth and decentralization of the Solana network. By providing liquidity to staked assets, Marinade enables participants to earn staking rewards without locking their assets, thereby supporting both network security and a more dynamic ecosystem for decentralized finance.
In addition to its core offering, Marinade has become an active participant in broader efforts to enhance Solana’s ecosystem. Its decision to invest in SuperSol is in line with its long-term vision to support projects that aim to improve Solana’s scalability and bring real-world use cases to life.
SuperSol: A Key Enabler for the Future of GameFi and DePIN
The main challenge facing blockchain networks like Solana has always been the need to scale in a way that maintains high throughput while minimizing costs. Solana’s high-speed and low-cost architecture has made it a popular choice for developers, but as adoption grows and more applications are built on the network, there is an increasing need for solutions that can handle even more transactions without compromising performance.
This is where SuperSol comes into play. SuperSol is a Layer-2 scaling solution that builds on top of Solana’s existing architecture to offer increased scalability and enhanced performance. By utilizing SuperSol, developers will be able to create more efficient applications, particularly in GameFi and DePIN – two sectors experiencing explosive growth.
In the GameFi space, where games and financial incentives are integrated on the blockchain, the need for high-speed transactions is paramount. Traditional gaming engines often struggle to meet the performance demands of real-time, immersive environments, but Layer-2 solutions like SuperSol can help ensure that these games run smoothly and cost-effectively on the Solana network.
Similarly, in the rapidly growing DePIN sector, which includes applications focused on decentralizing physical infrastructure such as networks, energy grids, and other assets, scalability is critical. SuperSol’s advanced Layer-2 architecture is designed to handle the transaction loads and data requirements of such applications, making it an ideal fit for this emerging market.
A Strategic Partnership with Long-Term Impact
While the financial details of the investment have not been disclosed, Marinade’s support for SuperSol is more than just a monetary contribution – it’s a strategic partnership aimed at fostering innovation and ensuring the continued growth of Solana’s ecosystem. By investing in projects like SuperSol, Marinade is positioning itself as a key player in the infrastructure and scalability efforts that will shape the future of blockchain technology.
The collaboration between Marinade Finance and SuperSol is a testament to the growing synergies within the Solana ecosystem. As Solana continues to attract developers and projects across a variety of sectors, the combination of robust staking solutions and scalable infrastructure will be key to meeting the demands of an increasingly complex and diverse decentralized economy.
Looking Ahead: Solana’s Continued Evolution
As Solana’s ecosystem matures, the need for effective Layer-2 scaling solutions will only become more pressing. SuperSol’s focus on improving Solana’s real-time performance and scalability will help address these challenges head-on, making Solana an even more attractive option for developers and users alike.
The strategic investment by Marinade Finance signals confidence in SuperSol’s vision and the potential impact it will have on the network. It also highlights Marinade’s commitment to not only providing liquidity solutions through its liquid staking protocol but also actively contributing to the broader development of Solana’s infrastructure.
The partnership between Marinade Finance and SuperSol is a significant step toward ensuring that Solana remains a leading blockchain platform for years to come, able to support the growing demands of decentralized applications, GameFi, and DePIN with cutting-edge performance, scalability, and reliability.
About Marinade Finance
Marinade Finance is a non-custodial liquid staking protocol built for the Solana blockchain. By allowing users to stake SOL tokens and receive mSOL, a liquid staking derivative, Marinade enhances liquidity and incentivizes participation in Solana’s proof-of-stake consensus. The platform is designed to make staking more accessible and flexible while supporting the broader development of the Solana network.
About SuperSol
SuperSol is Solana’s first native Layer-2 scaling solution, built to optimize the network’s performance and scalability. Focusing on sectors like GameFi and DePIN, SuperSol is designed to meet the increasing demands of decentralized applications by providing enhanced efficiency, reliability, and real-time performance.
SuperSol is the brainchild of Eva Oberholzer, whose impressive credentials include former roles as Chief Strategy Officer at Cardano and Chief Growth Officer at ICP. With her extensive experience in protocol development, Oberholzer recognized Solana’s potential as a dominant force in the crypto world. This insight led her to tackle the ecosystem’s scalability challenges, particularly in the GameFi space. By founding SuperSol, Oberholzer aims to solidify Solana’s position as a leading asset class and drive the next wave of innovation in the blockchain industry.
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TL;DR
- Market observers are eyeing a breakout for ADA, with short-term targets ranging from $0.88 to $1.30.
- One industry participant sees a long-term bullish scenario where the asset could reach $10 by 2029 – a level that would require its market cap to exceed $350 billion.
Major Rally on the Horizon?
The price of Cardano’s ADA climbed by 11% in the past week following the overall revival of the cryptocurrency market. It currently trades at around $0.71 (per CoinGecko’s data), and multiple analysts envision the potential for further gains in the short term.
The popular X user Ali Martinez thinks ADA is approaching “a major test” at $0.74. He believes a breakout above this mark could set the stage for an upswing toward $0.88.
Other industry participants set even higher targets. Crypto King told his over 120,000 followers on X that ADA has been “consolidating really well” in the past day. They think the asset needs to remain in the $0.60-$0.70 range before rising to $1.
The X user Token Talk noted that ADA has been recently trading sideways at approximately $0.70. According to them, analysts see a possible push to $1.20-$1.30, envisioning a “long-term bullish case” for $10 by 2029.
It is important to note that ADA’s market cap would skyrocket to roughly $360 billion (based on the current circulating supply of 36 billion tokens) if this prediction comes true. As of the moment, the asset’s capitalization stands at $25 billion, making the forecast quite unlikely, at least in the current environment.
Meanwhile, the X user with over 2.2 million followers – Lucky – is also fond of ADA. A few days ago, the analyst envisioned a price uptrend above $1.60, labeling Cardano as “one of the strongest projects in the entire crypto space.”
What Can Ignite a Further Uptick?
Perhaps the biggest catalyst for a potential price surge for Cardano’s native token is the possible approval of a spot ADA ETF in the United States. Grayscale sought permission to launch such an investment vehicle, and the US SEC acknowledged the application in February.
If greenlighted, the product will enable easy access for institutions and retail investors to gain ADA exposure without worrying about storing the underlying asset. According to Polymarket, the approval odds before the end of 2025 currently stand at around 45%.
Additionally, the token could experience a price upswing in the event of a major partnership featuring Cardano. Recent discussions and developments involving the entity and Ripple hinted that a collaboration between the two might be incoming; however, nothing is official yet.
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Most cryptocurrency rallies throughout the years have seen at one point or another the crucial entrance of retail investors.
However, the cycle that many believe started after the US elections seemed to lack those market participants. The latest data from Santiment, though, reveals that they might have finally arrived.
Are They Here?
One of the latest crypto experts to weigh in on the matter was Bitwise’s CEO, Hunter Horsley, who said earlier this week that the most recent BTC price rally, which drove the asset from $75,000 to $95,000 within a few weeks, was driven by institutions, advisors, corporations, and even nations.
He explained that this diversity of investors will ultimately benefit the cryptocurrency, but noted that retail traders are yet to be found, as the Google searches, usually a good indicator of their behavior, were still very low.
Santiment, though, published a different perspective. After the aforementioned $20,000 surge, the analytics platform said, “Retail traders continue to show confidence in crypto markets.” The findings are based on an increased number of social media posts, mostly in the form of big BTC price predictions, which typically come from such investors.
However, Santiment warned that bitcoin tends to move in the opposite direction of what the crowd expects, especially if they have turned to speculative assets like meme coins, which exploded in value recently after a months-long hiatus.
As Bitcoin has risen as high as $95.5K Monday, retail traders continue to show confidence in crypto markets. Across social media, mentions of higher BTC predictions are greatly exceeding mentions of lower BTC predictions.
Historically, bullish traders want to see most of the… pic.twitter.com/WJv7yNCYcF
— Santiment (@santimentfeed) April 28, 2025
SHT Balance on the Rise
IntoTheBlock revealed a similar trend, indicating that short-term traders, who are mostly comprised of retail investors, have seen a “significant increase” in their balances in the past week. If this influx continues, it will “support the view that the current move is more than a relief rally and could be the opening leg of a broader uptrend.”
Bitcoin saw an significant increase in short-term traders’ balances last week, pointing to renewed speculative demand.
If this influx persists, it supports the view that the current move is more than a relief rally and could be the opening leg of a broader uptrend. pic.twitter.com/uUfojXK4Dl
— IntoTheBlock (@intotheblock) April 28, 2025
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The US Securities and Exchange Commission has delayed making a decision on two cryptocurrency-related ETF applications, tracking the performance of XRP and DOGE.
The meme coin exchange-traded fund was proposed by Bitwise, while the XRP fund comes from Franklin Templeton, which was filed in mid-March.
The review period has been extended to June 15 for the Dogecoin ETF and June 17 for the Ripple-based one.
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, 5 designates June 17, 2025, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-CboeBZX-2025-040),”- reads the filing.
Fox Business’s Eleanor Terrett, citing information from ETF expert James Seyffart, noted that the new dates are all “intermediate” and added that there will likely be even more delays until Q4 this year.
Some more detail after speaking with ETF guru @JSeyff just now:
These dates are all intermediate and we will likely see final decisions on a lot of the crypto ETPs in Q4. For the $XRP spot ETF, James is eyeing mid-October, around the 18th, as a final decision deadline. It’s… https://t.co/6FDIayFpHS
— Eleanor Terrett (@EleanorTerrett) April 29, 2025
In addition, popular blockchain-focused news channel Wu Blockchain informed that the agency has delayed several other crypto ETFs, including a Solana fund from Franklin and Grayscale’s Hedera ETF.
The XRP ETF delay comes just a few days after the agency approved three futures funds from ProShares. Initial reports claimed that the financial vehicles would be launched on April 30, but this information was debunked earlier today. The launch date is now set for May 14.
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