Marinade Finance's liquid staking ecosystem on Solana shows robust growth and engagement, with mSOL reaching $820.96 million market cap and 149,198 unique token holders. The protocol demonstrates strong DeFi metrics, with Jupiter DEX processing 1,453,656 transactions representing 18.9% of total activity, while Kamino protocol leads in mSOL liquid staking with $13.1M in utilization. Despite a gradual token supply decline from 5.2M to 4M, the MNDE governance token maintains a stable $110 million market cap with 61,587 unique holders, indicating moderate decentralization and ongoing community participation.