Solana Smashes $100B Market Cap Milestone as DeFi TVL Rockets Past $10B
Solana's blockchain just hit warp speed—flipping the $100 billion market cap threshold while its DeFi ecosystem locked over $10 billion in value. The 'Ethereum killer' narrative gets fresh ammunition.
DeFi on Solana isn't growing—it's erupting. TVL figures suggest institutional money might finally be bypassing TradFi gatekeepers (or maybe just hedge funds chasing the next memecoin pump).
With metrics like these, Solana's scaling claims are getting harder to dismiss—though the network's 'downtime' trauma still haunts old-school crypto heads. One thing's clear: when this chain runs hot, it prints generational wealth... and catastrophic liquidations.
SOL Market Cap (Source: Tradingview)
The recent price surge has also invigorated Solana’s DeFi ecosystem. According to DeFiLlama data, the total value locked (TVL) across Solana-based protocols now exceeds $10 billion. This is the highest level recorded since January and reflects renewed interest in the network’s DeFi offerings.
The growth is also visible in decentralized exchange (DEX) activity. Solana-based DEX platforms processed $23 billion in trading volume over the past week, a nearly 22% increase compared to the previous week.
This uptick in user activity suggests improving liquidity and growing confidence in the network’s scalability and performance.
