Galaxy Launches SOL Staking On GalaxyOne, Expands Retail Crypto Push
Galaxy Digital now allows GalaxyOne users to stake Solana (SOL), offering up to 6.5% annual rewards and expanding its retail crypto services.Summary
Galaxy Digital has launched Solana (SOL) staking on its GalaxyOne retail platform, aiming to attract more users to its consumer crypto services. Users can earn up to 6.5% in variable annual rewards, dependent on network conditions and validator performance. Galaxy is waiving staking commissions until the end of the year to incentivize early adoption. This move extends Galaxy’s existing institutional-grade Solana validator infrastructure to retail customers, positioning it as a competitor to platforms like Coinbase and Robinhood. Despite a recent price decline, Solana staking remains popular, with both retail and institutional investors increasingly viewing it as a yield-generating asset, supported by the emergence of Solana-focused ETFs.
(Source：Cointelegraph)