Solana DeFi value grows by 50% in a month as lending accelerates

By: bitcoin ethereum news|2025/05/12 21:45:04
0
Share
copy
Solana total value locked expanded, reflecting a growing lending sector and inflows from other ecosystems. The DeFi value locked is up over 50% in the past 30 days, based on DeFi Llama data. Solana’s DeFi sector now carries $9.44B in total value locked, a level not seen since February. Most of the gains reflect the return of SOL above $170 after an inflow of whale buying and record DEX trading activity. Solana’s TVL expanded by over 50% in the past month, from its recent levels around $6B. The stablecoin supply dropped to 11.71B tokens, down from a recent record above 12B. At the same time, Solana’s ecosystem draws inflows from other networks, especially Ethereum (ETH). In the same time frame, the TVL of JitoSOL rose by over 41% to $3.15B. Kamino became the second-biggest protocol, with over 33% in gains to $2.6B. Solana’s ecosystem has often focused more on its fee generation, but TVL remains an indicator for an upturn in usage and growing market prices. SOL traded at $170.64, near a one-month high and with volumes above $7.4B in the past 24 hours. Solana faced stablecoin outflows In the past month, SOL hiked from $130 to over $175, gaining around 35%. The growth of TVL was only partially due to bridged assets, including stablecoins from other ecosystems. Solana ecosystem flows vary, and the chain saw mostly outflows in the past month. The inflows and outflows of other assets remain dynamic, based on DeBridge data. Solana has a small net outflow, with $83M in assets flowing from Ethereum, and around $116M flowing out as of May 12. The net outflows are offset by the increasing value of Solana’s tokens, appreciating from their recent lows. Another source of outflows was stablecoins. The Circle treasury wallet burned $1.6B in USDC tokens, signaling some traders were cashing out of the ecosystem. Meme tokens saved the Solana ecosystem The growth of DeFi value thus reflects mostly the internal valuations of Solana-based tokens, which are used as collaterals. The higher value is reflected in DEX pools, as well as DeFi lending protocols like Kamino. Kamino Lend TVL has increased close to its all-time high, to over $2.6B, a level not seen since January 20. The heightened activity on Kamino is reflected by the wallet known as Kamino Reserve 3. This wallet reflects meme token deposits, against which the protocol lends stablecoins. DogWifHat (WIF) is the leader with over $10M deposited, while traders also made use of the recent rally for BONK and POPCAT. Solana-based memes are valued at over $13.9B, sparking increased DEX activity to tap the latest rallies for both returning and newly launched memes. On-chain DEX swaps led to peak fees for the Jupiter aggregator, generating $2.86M in daily fees. The Pump.fun platform produced $2.67M in fees. Overall, the Solana ecosystem produced $2.9B in fees for the past 12 months, surpassing all other major chains by more than $1B. Your crypto news deserves attention – KEY Difference Wire puts you on 250+ top sites Source: https://www.cryptopolitan.com/solana-defi-value-grows-by-50-in-a-month-as-lending-accelerates/

-- Price

--

You may also like

Do you want to buy CRCL?

A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

The most secretive AI winner

A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.

Looking at Stripe's ambitions and the future of stablecoins from OUSD

Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.

From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?

The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.

Dan Bin's latest speech: Don't miss out on a great era

Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com