Solana's DeFi ecosystem is experiencing significant growth, with data from DefiLlama showing that the total value locked (TVL) in the top six DeFi protocols has each surpassed $1 billion. Leading the pack is the liquid staking protocol Jito with $2.089 billion, followed by the lending protocol Kamino at $1.613 billion, and the decentralized exchange Jupiter at $1.261 billion. Other notable protocols include Marinade with $1.239 billion, Raydium with $1.117 billion, and Sanctum with $1.006 billion.
This surge in TVL highlights the increasing adoption and trust in Solana’s DeFi network. It reflects strong user engagement, with more value being transacted and locked within the ecosystem. As the DeFi sector continues to grow, Solana’s role in providing decentralized financial solutions is becoming more prominent.