Sanctum Hits $408M TVL, Becomes Top 5 Solana Protocol, Attracts 100K+ Users

May 7, 2024, 08:30 PM

Sanctum, a liquid staking protocol on the Solana blockchain, has experienced significant growth, becoming the fifth largest protocol on Solana with over $408 million in Total Value Locked (TVL) in just one month. The platform has attracted more than 100,000 new users and offers benefits such as Solana Liquid Staking Yield and potential future airdrops through its Sanctum Pets and EXP program. This surge in TVL, which tripled in a month, and user base highlights the increasing interest and investment in Solana's DeFi ecosystem.