What is the trading volume of marinade (mnde)?

The trading volume of Marinade (MNDE) is $97,438.40 in the last 24 hours, representing a -21.60% decrease from one day ago and signalling a recent fall in market activity. What is the all-time high for Marinade (MNDE)? The highest price paid for Marinade (MNDE) is $2.54, which was recorded on Oct 08, 2021 (almost 2 years).

What is marinade (mnde)?

Marinade is a DAO and MNDE is the governance token. MNDE enables token holders to take part in the governance of the Marinade protocol and treasury. Marinade was founded in March, 2021 following a third-place finish in the Solana x Serum Hackathon. The company was funded by grants through the Solana Foundation and Serum and no venture capital.

Is marinade (mnde) underperforming the global cryptocurrency market?

With a price decline of -7.80% in the last 7 days, Marinade (MNDE) is underperforming the global cryptocurrency market which is down -0.70%, while underperforming when compared to similar Solana Ecosystem cryptocurrencies which are up 16.20%.

How does marinade finance work?

If you use Marinade Finance to stake your SOL, you receive mSOL (marinated SOL) tokens in return, which can be used for DeFi lending, collateral, and more, all while continuing to earn yield on the underlying SOL as it provides security to the Solana blockchain.