Solana's DeFi TVL Surpasses $4.7 Billion, Led by JitoSol, with 17.3% Growth

Jul 19, 2024, 01:46 PM

Solana's DeFi ecosystem has experienced significant growth, with total value locked (TVL) surpassing $4.7 billion. Leading the protocols by TVL on Solana is JitoSol at $1.85 billion, followed by Marinade Finance at $1.25 billion and KaminoFinance at $1.20 billion. This marks a substantial increase from just seven months ago when the combined TVL across all Solana protocols was under $1 billion. Solana now boasts four individual protocols each exceeding $1 billion in TVL. Solana's TVL growth rate over the past 30 days is 17.3%, placing it among the top 10 non-EVM blockchains by TVL growth.