Sanctum Surpasses $1 Billion in TVL, Becomes 4th Largest Protocol on Solana Blockchain

Jun 5, 2024, 12:12 PM

Sanctum, a decentralized finance (DeFi) protocol on the Solana blockchain, has surpassed $1 billion in Total Value Locked (TVL). This milestone makes Sanctum the fourth largest protocol on Solana, following Jito, Marinade, and Kamino. The achievement highlights the rapid growth and increasing adoption of Sanctum within the DeFi space. The protocol's success is attributed to the efforts of its team, including notable contributors such as @soleconomist and @eggpanned.