Galaxy Digital has launched Solana staking on its GalaxyOne retail platform, allowing users to earn variable annual rewards up to 6.5%. The company is waiving staking commissions until year-end, leveraging its existing institutional validator infrastructure to compete with apps like Coinbase and Robinhood. This rollout reflects a broader industry trend of integrating yield products, as institutional demand for Solana staking persists despite the token’s significant price decline from its September high near $250.
Galaxy Digital has introduced a Solana staking feature on its GalaxyOne retail platform. Users can now stake Solana (SOL) directly through the app to earn variable annual rewards up to 6.5%.
The yield is not fixed and depends on network conditions, validator performance, and overall staking participation. To attract early users, Galaxy is waiving commissions on staking until the end of the year.
The rollout reflects a broader industry shift toward integrating yield-generating products into retail platforms. This allows users to earn passive income on idle crypto holdings rather than simply holding or trading them.
Galaxy already operates institutional-grade Solana validators that help secure the network. By integrating this capability into GalaxyOne, the company is extending its existing infrastructure business to retail customers.
The move positions Galaxy more directly against platforms like Coinbase and Robinhood. These platforms offer bundled services including trading, custody, and staking.
Solana staking continues to draw investor interest despite a sharp price decline. The token has fallen roughly 67% since trading near $250 in September.
Institutional participation has rebounded recently as staking-based investment products gain traction. The debut of Solana-focused exchange-traded funds (ETFs) has given investors exposure to both price movements and onchain yield.
Bohdan Opryshko, co-founder and chief operating officer of Everstake, commented on the trend. Both retail and institutional participants are increasingly “treating Solana as a yield-generating asset rather than a speculative trade,” he stated.
