Marinade Finance, one of the leading Defi protocols from Solana, has passed on the mood about burning 30% of its token offering. In the past day, the news has activated a mNDE -more than 10% of more than 10%.
Marinade Finance (MNDE) has passed on the vote to burn 30% of the native token stock. Marinade Finance kept a long -term vote on the proposal to burn tokens and to stimulate the position of MNDE.
The transaction for mNDE will take place in two days and forever destroy 300m tokens. The proposal received 100% votes before.
🔥 The combustion proposal has passed Quorum!
In 2 days, 30% of $ mNDE offer, 300,000,000 tokens are sent to the combustion address and disappeared forever.
This is real community lines. The kitchen cooks 👨50 pic.twitter.com/lttr9cw9mn
– Marinade 🛡️ (@MarinadeFinance) 3 September 2025
Marinade’s decision to burn tokens follows a similar approach through other projects. In August, Burns was announced for the OKX -Token, OKB. Mantra (OM) also plant a token fire to restore part of the lost value.
The expectation of the token fire and the actual announcement increased the MNDE market price. Token has risen by more than 56% in the past month and acts at $ 0.14. MNDE trade volumes also expanded to a highest point of one month.
MNDE is a relatively obscure token, without hyperliquid speculation and limited data on derivatives trading.
Marinade benefits from the growth of the Solana Defi Ecosystem
Marinade Finance now locks more than $ 2.2 billion in total value, near his peak of all time. The protocol costs have risen since the market sucks in April, with regular inflow of almost $ 500k per day.
In the past month, Marinade Finance expanded its underlying value by almost 20%and settled as a top 10 Solana project.
Marinade is one of the top producers of liquid stood Sol -Tokens, who recently see peak inflow when Solana Liquid strike started in August. | Source: Dune Analytics
Marinade Finance also contributed to the growth of the Solana -based liquid. Marinade Staked Sol (MSS) is the fourth largest Solana LST through market capitalization, according to the tokens of Jito, Binance and Jupiter.
Sol recently reached all time in those protocols 57m tokens. Betting of liquid on Solana arrived later compared to Ethereum, after copying his successful model. Moreover, Marinade has shown that it is happy to support validators by offering both simple and liquid deployment for its customers.
A total of 13.65% of the SOL nutrition is set in LST protocols. The potential for passive income and Defi use increases the demand for locking SOL.
MNDE is seen as an undervalued token
MNDE is seen as a relatively overlooking token, which now rises when Solana’s liquid deployment reaches new peaks. MNDE can be a proxy for Sol’s demand, where holders also look for reliable impact services. The burning movement of Marinade can increase the visibility of the project because it competes with the rest of the liquid deployment services.
Recent data show Smart Money Whale Accumulation for Mnde. The burn also shows robust community involvement and belief in the future of the project.
The Solana Ecosystem accelerated in August and even surpassed Ethereum in some of its Defi statistics. The network received a boost in value transfers, with a new influx of USDC. Sol also recovered more than $ 200, with signs of funds rolling out of Ethereum. Sol traded at $ 210.12 and received a boost from Dex activity and a pick -up in Meme tokens.
