Solana’s Total Value Locked (TVL) recently surged to $6.43 billion, marking its highest level since January 2022. This growth highlights the resurgence of Solana’s DeFi ecosystem, driven by increased activity in decentralized exchanges (DEXs), liquid staking protocols, and restaking initiatives.

Key contributors to this increase include Raydium, a major DEX on Solana, which reclaimed its position as a top protocol, fueled by liquidity from meme coins and other tokens. Additionally, liquid staking platforms like Jito, which amassed over $2 billion in TVL, have played a pivotal role, along with Solana’s rising DEX volumes, surpassing those of competing chains like Ethereum.

The renewed interest in Solana’s ecosystem reflects growing user confidence and capital inflows, solidifying its position in the DeFi space. While the network’s native token, SOL, has also gained value during this period, the TVL growth indicates that more than just price appreciation is driving the expansion.

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