💰Jupiter's TVL Rises 46% Despite DeFi Downturn, But There's a Caveat

While the price of $SOL struggles, Solana's DeFi outperformers are increasing their TVL, setting the stage for potential new highs in better market conditions. Following the highs of Q2, fear and uncertainty have returned to crypto markets recently.

During this period of uncertainty, Solana's DeFi ecosystem has seen a reduction in TVL, with most protocols losing between 13-18% in USD value monthly.However, some protocols have managed to grow their TVL despite the overall market decline. Which protocols have managed to attract liquidity and increase their TVL in these challenging times?

🔥NX Finance and Lulo Lead Monthly TVL Growth

Solana's DeFi sector has gained momentum and attention throughout 2024. Yet, the past 30 days have shown a shift in sentiment, with many Solana protocols experiencing significant TVL drops.

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