Galaxy Digital has added Solana staking to its GalaxyOne retail app, extending its consumer crypto offerings as competition intensifies among all-in-one trading platforms.
In a Tuesday update, Galaxy said GalaxyOne users can stake Solana (SOL) in-app and earn up to 6.5% variable annual rewards. The yield is not fixed and will vary with network conditions, validator performance and overall staking participation, so actual returns may fluctuate.
The rollout reflects a wider industry trend of embedding yield-generating products into retail platforms, enabling users to earn passive income on idle crypto holdings rather than only trading or holding them.
To attract early users, Galaxy is waiving staking commissions through the end of the year — a temporary promotion that signals a focus on user acquisition over immediate product revenue.
Galaxy already runs institutional-grade Solana validators that process transactions and validate blocks. In proof-of-stake systems like Solana, users delegate tokens to validators, which then distribute a share of staking rewards. By adding staking to GalaxyOne, Galaxy is bringing its infrastructure services to retail customers.
The move places Galaxy more directly in competition with platforms such as Coinbase and Robinhood, which bundle trading, custody and staking. As staking becomes a standard feature, competition is shifting toward fees, user experience and regulatory access.
Institutional demand supports the staking narrative
Solana staking continues to attract interest despite SOL’s sharp price decline amid broader market weakness. Institutional participation has picked up as staking-based investment products gain traction. The launch of Solana-focused exchange-traded funds (ETFs), including ones tied to liquid staking strategies, has given investors exposure to both price moves and on-chain yield.
SOL traded near $250 in September but has since fallen roughly 67%. Despite the drawdown, staking activity has remained resilient, indicating ongoing demand for yield.
Bohdan Opryshko, co-founder and COO of Everstake, which runs validator infrastructure across multiple proof-of-stake networks, said both retail and institutional participants are increasingly treating Solana as a yield-generating asset rather than a speculative trade.
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