In a remarkable development, Solana's DeFi ecosystem has hit a significant milestone, with six decentralized finance projects each surpassing $1 billion in total value locked (TVL). Solana has now reclaimed $6.158 billion in TVL, demonstrating its continued dominance in the DeFi space.
Leading the pack is Jito with a TVL of over $2.06 billion, followed by Raydium at $1.70 billion and Kamino at $1.62 billion. Other projects crossing the $1 billion mark include Jupiter, Marinade, and Sanctum.
This surge underscores Solana’s resilience and growth in the face of market challenges, as its ecosystem continues to attract liquidity and build on its innovative infrastructure.
With over 4.98 million active addresses, Solana is solidifying its position as a leading blockchain in the DeFi sector. All eyes are now on the next phase of Solana’s expansion, as the ecosystem continues to grow and evolve.
