Galaxy Launches SOL Staking on GalaxyOne, Expands Retail Crypto Push
Galaxy Digital has introduced the Solana staking feature on its GalaxyOne retail platform, expanding its push into consumer crypto services and intensifying competition among all-in-one business apps.
In Tuesday's announcement, Galaxy said GalaxyOne users can participate in Solana (SOL) directly through the app, earning up to 6.5% in variable annual rewards. The yield is not fixed and depends on network conditions, issuer performance and overall shareholder participation, which means that the actual return may change over time.
The release reflects a wider industry shift towards integrating products with retail platforms that generate revenue rather than users simply holding or trading.
To attract early adopters, Galaxy is waiving commissions until the end of the year – a temporary incentive that suggests the company is prioritizing user acquisition over the product's immediate revenue.
Galaxy already operates institutional-grade Solana validators – infrastructure that helps secure the network by processing transactions and validating blocks.
In proof-of-stake systems like Solana, users delegate their tokens to these validators, who in turn distribute a share of the rewards. By integrating this capability into GalaxyOn, the company is effectively extending its existing infrastructure to retail customers.
The move puts Galaxy directly on top of platforms like Coinbase and Robinhood, which offer bundled services including trading, escrow and savings. As staking becomes a standard feature across crypto applications, competition is increasingly shifting to fees, user experience and regulatory access.
Related: Liquid Stacking Token ETF Seeks SEC Approval Based on Gitosol Solana
Institutional interest supports a larger narrative
Solana staking continues to attract interest from investors, despite a sharp drop in price amid widespread weakness in the crypto market.
Institutional participation has recently increased as equity-based investment products gain traction. Solana-focused exchange-traded funds (ETFs), including those with liquidity-absorbing strategies, provide investors with exposure to both price movements and on-chain yields.
Solana was trading around $250 in September, but has fallen about 67% since then. Although shortages have eased, stock movements have continued, indicating continued demand for the product.
Retail and institutional participants “see Solana not as a speculative business, but as a yield-generating asset,” said Bohdan Opryshko, co-founder and chief operating officer of Everstack, which operates a verifier infrastructure on multiple stock verification networks.
Related: Nasdaq tokenization plans could split trading into two markets – TD Securities
