Galaxy Digital Launches Solana Staking on GalaxyOne Platform With Zero Fees

TLDR

• Galaxy Digital added Solana staking to its GalaxyOne retail platform, offering up to 6.5% annual yield
• Staking fees are waived until end of 2025 to attract new users
• Galaxy uses its existing institutional validator infrastructure to power the retail product
• Solana has dropped around 67% from its September high near $250, but staking activity remains steady
• The move puts Galaxy in more direct competition with Coinbase and Robinhood

Galaxy Digital has launched Solana staking on its GalaxyOne retail platform. Users can now stake SOL directly through the app and earn up to 6.5% in variable annual rewards.

The yield is not fixed. It depends on network conditions, validator performance, and overall staking participation, so actual returns will vary.

To bring in early users, Galaxy is waiving staking commissions until the end of the year. This suggests the company is focused on growing its user base before monetizing the product.

Galaxy already runs institutional-grade Solana validators. These are systems that process transactions and validate blocks on the Solana network.

By building this feature into GalaxyOne, the company is taking infrastructure it already runs for large clients and opening it up to everyday users.

Competition Heats Up Among Crypto Platforms

The launch puts Galaxy more directly against platforms like Coinbase and Robinhood. Both offer bundled services that include trading, custody, and staking.

As staking becomes a standard feature, platforms are competing more on fees, user experience, and regulatory access.

On the institutional side, Galaxy is also offering Solana staking to hedge funds, family offices, and crypto-native firms. These clients can earn yield on their SOL holdings without building their own validator setups.

Institutional clients deposit SOL with Galaxy or hold it in connected custodial accounts. Galaxy then delegates the tokens to validators, manages performance, and handles security. Rewards can be compounded or distributed based on client preference.

Fees are deducted from staking rewards, so clients do not pay upfront for the infrastructure.

Solana Price Drop Has Not Slowed Staking

Solana traded near $250 in September 2024 but has since fallen around 67%. Despite the price decline, staking activity has held up.

Bohdan Opryshko, co-founder and COO of Everstake, said participants are increasingly treating Solana as a yield-generating asset rather than just a speculative trade.

Solana-focused exchange-traded funds have also launched recently, including products built around liquid staking strategies. These give investors exposure to both price movements and on-chain yield.

Inflows into Solana ETFs have picked up over the past month, according to data from Coinglass.

Galaxy’s entry into retail and institutional staking adds another established name to the list of firms offering this service. Staking commissions on GalaxyOne remain waived through the end of 2025.

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