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Solana’s $100M DeFi Splurge Fuels 20% Ecosystem Boom—Bankers Reach for Maalox

Solana’s $100M DeFi Splurge Fuels 20% Ecosystem Boom—Bankers Reach for Maalox

Author:
CoindeskEN
Published:
2025-05-12 14:02:44
19
3

DeFi Development Soars 20% as Solana Holdings Top $100M With Latest Purchase

Solana’s blockchain just crossed a nine-figure threshold in decentralized finance holdings—and the sector’s growing faster than a meme coin pump. The network’s latest institutional purchase pushes its DeFi TVL (total value locked) past $100 million, triggering a 20% surge in developer activity.

Builders are flocking to Solana’s low-fee, high-speed rails as Ethereum gas fees hit ’absurdity’ levels again. Smart contract deployments up 35% month-over-month—mostly yield optimizers and NFT-fi hybrids.

Meanwhile, traditional finance VP’s still can’t explain why their ’blockchain task force’ needs 18 months to build what crypto devs ship in a weekend. Maybe it’s the three-martini lunches.

|Square

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