SAM Based Delegation

The Solana ecosystem has intensified the attention of investors who have turned their eyes on it in 2024 with the launch of new tokens. During this period, major tokens such as Marinade (MNDE), Raydium (RAY), and Jupiter (JUP) attracted attention, recording strong trades using Solana's layer-1 infrastructure. According to data from DefiLlama, this growth in the Solana ecosystem is noticeable. With tokens such as Marinade (MNDE), Raydium (RAY), and Jupiter (JUP), the total value locked (TVL) has risen to $4.17 billion, an impressive increase since the beginning of the year. This represents almost three times the initial TVL of $1.53 billion#HotTopicDiscussion#

BTC completed the Halving, the market fluctuated widely; the Meme section showed strong market momentum; Merlin Chain launched the Token MERL...

Have you ever encountered such an opportunity? What others see as "ordinary goods," you know there is a hidden treasure behind it. Just like when Bitcoin was still obscure, a few people saw its value early on, and then it skyrocketed. I think $MNDE is such a treasure coin in the Solana ecosystem. The Marinade protocol manages an enormous TVL of 11 million SOL, worth over $2 billion at the current SOL price. It is also the first protocol on Solana to launch the liquid staking token mSOL, with over 150,000 holders of mSOL and extremely high user activity. The protocol can generate stable annual revenues of over $10 million, yet the market cap of the MNDE token is only less than $45 million! What does this mean? It means its value is severely underestimated. Now @MarinadeFinance has opened the path to real value release through multiple key initiatives: ✅Starting from September 2025, 50% of the revenue from the agreement will be used to buy back MNDE each month, and the stable and strong buying pressure will continue to push the price. ✅The team plans to burn 5% of the total supply of MNDE, resulting in a significant deflationary effect and gradually increasing the scarcity of the token; ✅Participating in governance also rewards users with MNDE, incentivizing long-term holding and active participation in governance, truly realizing "holding coins comes with responsibilities"; ✅On the institutional level, Marinade has been designated as the exclusive staking service provider for the first Solana ETF in the United States. Notable institutions such as Franklin Templeton have explicitly stated that MNDE is severely undervalued, providing solid institutional endorsement. Imagine what will happen to the price of MNDE when the market begins to realize the huge mismatch between income and market value. Compared to other projects in the Solana ecosystem, $MNDE has a large and stable TVL, strong revenue sources, and a clear buyback and burn plan. It has not been swept up by short-term speculation, but has instead steadily walked the path of value release. The previous low attention is precisely the opportunity for future catch-up.

Solana Ecosystem Liquid Staking Market Analysis: Competition Among Four Major Projects As the cryptocurrency market warms up, Solana (SOL) has risen to become the sixth largest cryptocurrency by market capitalization. In terms of staked assets on proof-of-stake (PoS) blockchains, it ranks second only to Ethereum. However, the level of capital aggregation in decentralized finance (DeFi) applications within the Solana ecosystem is relatively low, with a total value locked (TVL) of $1.137 billion, which is only 11.3% of its historical high. In Solana's TVL, liquid staking projects play an important role and are key to driving the TVL back to historical highs. Among them, Marinade and Jito occupy a significant position with the highest TVL, highlighting the importance of the liquid staking category. This article will delve into the key participants in the liquid staking space on Solana, and discuss

Why do I think MNDE might To da moon? I have been researching the governance token $MNDE of @MarinadeFinance recently and found that it is severely undervalued. Several key points make me feel that it could double soon, or even more. 1. The income is strong, but the coin price hasn't kept up. Marinade earns nearly 9 million dollars a year, with total revenue exceeding 10 million dollars. However, the market value of MNDE is only over 40 million, resulting in a P/S (market value divided by revenue) of only 4-5 times. Compared to other DeFi projects, many have hardly any income, yet their market capitalization has skyrocketed to hundreds of millions or even billions. MNDE is the opposite - it has strong earning potential, but the price hasn't reflected that. This undervaluation won't last long; once the market realizes it, the price could rise quickly. 2. Token buyback + burn, supply reduction Marinade DAO has passed a proposal to use 40% of the protocol's revenue to buy back MNDE and burn it. Based on the current revenue, it is estimated that about 10% of the circulating supply can be burned in a year. This is like a publicly listed company buying back its shares with profits, which provides tangible support for the coin price. With a decrease in supply and demand remaining the same or even increasing, it is naturally easier for the price to rise. 3. Institutional funds may be coming. Marinade has been selected as the official staking service provider for the first Solana ETF in the United States, and BitGo (a large institutional custody company) has also integrated Marinade. This means that in the future, institutions buying SOL ETFs or staking through BitGo will indirectly drive the demand for MNDE. Once institutional funds enter the market, the scale is completely different from retail investors, which may fundamentally change the landscape of this project. 4. Value Depressions in the Solana Ecosystem Marinade's TVL (Total Value Locked) has long been maintained at 1.2 to 1.8 billion USD, but its market cap is only over 40 million. The market cap/TVL ratio is less than 0.03, far below that of similar projects. Take a look at other projects on Solana with similar TVL, such as Jito and Raydium, their market caps have already skyrocketed. MNDE has not yet caught the market's attention, which could be an opportunity instead. My opinion I think the current situation of MNDE is very much like a spring; the longer it is compressed, the higher it will bounce. Stable income, buybacks starting, institutional entry, and extremely low valuation - these factors combined make doubling just the beginning. Of course, the market has risks, and no one can predict it 100%. But from the data and logic, MNDE does have the potential to explode. I will keep an eye on it to see when the market reacts. (Personal analysis, not investment advice!)😂