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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.
Have any projects migrated away from Solana to Ethereum (or another chain)? Would love to see a list of chain migrations - "voting with your blocks".
📈 Top 10 Non–EVM Blockchains by 30D TVL Growth @SeiNetwork +351% @Aptos +32.8% @NEARProtocol +31.5% @HyperliquidX +27.3% @EOSNetworkFDN +27.1% @hydration_net +26.4% @ton_blockchain +23.5% @Conflux_Network +19.8% @MultiversX +17.8% @solana +17.3% https://t.co/u9AvUN9ymd
📊Analysis: Just seven months ago, the @solana DeFi ecosystem held less than $1 billion in combined total value locked (TVL) across all protocols. Today, the ecosystem boasts four individual protocols exceeding $1 billion in TVL, driving the total TVL to nearly $5 billion. https://t.co/E2SHAiTYyX