MNDE is the governance token for Marinade. Marinade helps you to stake Solana without locking in liquidity by turning SOL into mSOL - tokenized version of staked SOL. This way you can both secure the network by staking SOL, and use your mSOL as the ultimate unit in Solana DeFi ecosystem. To provide liquidity, deposit in lending protocols and even buy NFTs.
Marinade Price Analysis
As of November 25 2024 Marinade has a marketcap of $58M.
This is {{percentagefromath}} from its all time high of $1.64.
In terms of its tokenomics, there's a total supply of 1B with 39% currently outstanding.
Keep in mind Marinade has a fully diluted value of $151M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
