List of top DeFi projects on $SOL

Personally, I think $SOL is not only strong in memes but also has good infrastructure and DeFi.

High speed, cheap gas, fast error handling for a smoother experience. Many people I know trade DEX on their phones on $ETH switched to $SOL and think that the design and experience are much better.

DeFi projects I like

1/ $RAY - Doing DEX, has both launchpad and liquidity provision

2/ $JUP - DEX Aggregator, DEX Perp, faster trading, better experience than $RAY. It seems like there is still 1 week left for $JUP staking snapshot so the price is increasing well. Personally, I am also short-term long on this one

3/ $KMNO - Lending & Borrowing. Take advantage of $SOL staking yield to lend, provide liquidity for DEXs. Version 2.0 has been released. Tokens can be staked to receive additional passive rewards.

4/ $DRIFT - DEX Perp. The product was made in 2021 but the token was just released this year =)))) The max you can get is x10 so don't use it. Tokens also play stake to receive rewards.

5/ $JTO - LSD on $SOL. Just like $LDO on $ETH.

6/ $ONDO - this RWA product covers many chains, but it has $USDY on Solana, a stablecoin backed by T-Bill, allowing users to enjoy 5.2% APY

Personally, I find it harder to spread low-cap meme money than to focus on a few top memes of the $SOL system and add favorite tech coins