Key Insights:
- Solana’s DeFi TVL has surged to 62.3 million SOL, its highest in over three years.
- Leading protocols Jupiter and Kamino now hold over 33 million SOL combined.
- Meteora’s MET token launch boosted deposits, lifting its TVL by 13% in a week.
- The new privacy DEX HumidiFi has driven additional liquidity to the Solana network.
The Solana network has recorded its highest level of decentralized finance (DeFi) activity in over three years, with total value locked (TVL) surpassing 62.3 million SOL. According to data from on-chain analytics platform DeFiLlama, this milestone marks the largest volume of locked SOL since June 2022, when the figure last reached comparable levels.
The surge in locked value represents growing engagement across multiple Solana-based DeFi protocols. Within the past 24 hours alone, TVL in SOL terms has increased by 2.5%, indicating heightened investor participation across lending, liquidity, and staking platforms. TVL measures the total amount of crypto assets deposited within a blockchain’s DeFi ecosystem, reflecting investor confidence and network activity.
In USD terms, Solana’s total locked value now stands at approximately $11.3 billion. While this remains below the network’s previous peak during the 2021–2022 bull run, the growth in SOL-denominated TVL highlights renewed trust in the blockchain’s long-term fundamentals despite broader market fluctuations.
Jupiter, Kamino, and Meteora Lead the Network
Among Solana’s most active DeFi platforms, Jupiter currently ranks first, holding more than 17 million SOL worth roughly $3.3 billion. Many participants have staked the platform’s native JUP token to access reward programs, driving a steady rise in deposits.
Following Jupiter, Kamino—a borrowing and lending protocol—has attracted nearly 16.5 million SOL, equivalent to about $3.2 billion. The project’s TVL rose by roughly 3% in a single day as more investors added liquidity. Analysts note that this uptick aligns with a broader sentiment of recovery in the digital asset market.
Meteora, another leading Solana protocol, has also shown notable growth, locking about 4.4 million SOL valued at $851 million. The project has recorded a 13% increase in deposits over the past week, largely driven by anticipation surrounding its upcoming MET token launch and airdrop event.
https://Twiter.com/SolanaFloor/status/1981437639011291549
Rising Activity Signals Growing Confidence in Solana DeFi
The consistent increase in locked tokens across Solana’s ecosystem signals strengthening confidence in its DeFi infrastructure. While TVL in USD remains influenced by market price volatility, the surge in SOL-denominated deposits reflects continued adoption of the network’s native token within decentralized applications.
Newly launched platforms such as HumidiFi have also contributed to the rise in activity. The platform operates as a privacy-oriented decentralized exchange, or “dark pool,” attracting large traders seeking confidential transactions. Its emergence has added to Solana’s overall trading volume and liquidity depth.
With 62.3 million SOL now deployed across DeFi protocols—the highest level seen in 1,226 days—Solana continues to reinforce its position as one of the leading blockchains in decentralized finance.
