Galaxy Digital has launched a Solana staking feature on its GalaxyOne retail platform, allowing users to earn up to 6.5% in variable annual rewards. This initiative reflects the growing trend of integrating yield-generating products into retail apps, enabling users to earn passive income on their idle crypto holdings.
To attract early adopters, Galaxy is waiving commissions on staking until the end of the year. The company already operates institutional-grade Solana validators, which it is now extending to retail customers through this integration.
This move directly competes with platforms like Coinbase and Robinhood, which offer bundled services including trading, custody, and staking. As staking becomes standard across crypto apps, competition is intensifying around fees, user experience, and regulatory access.
Solana staking continues to draw investor interest despite market volatility. Institutional participation has rebounded, driven by the debut of Solana-focused ETFs that provide exposure to both price movements and on-chain yield. Despite a 67% decline in Solana's price since September, staking activity remains strong, indicating continued demand for yield opportunities.
Bohdan Opryshko, co-founder and COO of Everstake, noted that both retail and institutional participants are increasingly treating Solana as a yield-generating asset rather than a speculative trade.