{"id":248816,"date":"2025-07-08T19:44:10","date_gmt":"2025-07-08T19:44:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/248816\/"},"modified":"2025-07-08T19:44:10","modified_gmt":"2025-07-08T19:44:10","slug":"solanas-defi-milestone-tvl-soars-to-17-5b-with-new-protocol-leaders","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/248816\/","title":{"rendered":"Solana\u2019s DeFi milestone: TVL soars to $17.5B with new protocol leaders"},"content":{"rendered":"<ul>\n<li data-start=\"37\" data-end=\"118\">Solana\u2019s DeFi TVL hit $17.5B, led by new protocols like JTO, KMNO, and Jupiter.<\/li>\n<li data-start=\"37\" data-end=\"118\">Retail users and yield farmers (not institutions) are driving Solana\u2019s explosive native DeFi growth.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/solana-news\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\">Solana\u2019s [SOL]<\/a> DeFi ecosystem just hit a major milestone, crossing $17.5 billion in total value locked. But unlike previous cycles, it\u2019s not the old names leading the charge.<\/p>\n<p>New protocols like JTO, KMNO, and <a href=\"https:\/\/ambcrypto.com\/predictions\/jupiter-exchange-solana-price-prediction\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\">Jupiter [JUP]<\/a> are now at the top, showing a shift in how users and developers are interacting with the network.<\/p>\n<p>Solana: A $17.5 billion moment<\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/solanas-first-staking-etf-sees-strong-debut-with-33m-volume-whats-next\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\">Solana\u2019s<\/a> DeFi ecosystem has reached <a href=\"https:\/\/x.com\/pnxgrp\/status\/1942172791068893221\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">a fresh high,<\/a> with TVL climbing to $17.5 billion as of 7th of July. This marks the network\u2019s strongest DeFi performance since the late-2021 bull run.<\/p>\n<p>But the real story lies in who\u2019s driving this growth. Legacy platforms like Marinade and Orca have been overtaken by a new class of protocols.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/GvP72zBXMAEKDUO-scaled.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-509181\" class=\"size-full wp-image-509181\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Solana\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/GvP72zBXMAEKDUO-scaled.jpg\"\/><\/a><\/p>\n<p id=\"caption-attachment-509181\" class=\"wp-caption-text\">Source: X<\/p>\n<p>At the top is JTO, a staking protocol holding $2.72B (17.94% of total TVL), followed by KMNO with $2.43B in lending, and Jupiter with $2.39B in DEX liquidity.<\/p>\n<p>Together, these three alone make up over 43% of Solana\u2019s locked capital; a major shift in user preference toward staking, lending, and native trading tools.<\/p>\n<p>What changed?<\/p>\n<p data-start=\"157\" data-end=\"505\">Over the past month, Solana\u2019s growth has been driven by protocols built specifically for its high-performance design. <\/p>\n<p data-start=\"157\" data-end=\"505\">Kamino recently <a href=\"https:\/\/x.com\/AllezLabs\/status\/1942240066346029563?utm_source=chatgpt.com\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">launched<\/a> Lend\u202fV2 with modular vaults and credit markets, boosting its total supply to $3.7\u202fbillion (+4.3%) and active debt to $1.5\u202fbillion (+3.5%) in June.<\/p>\n<p data-start=\"157\" data-end=\"505\">Its automated vaults now hold nearly $50\u202fmillion in deposits, offering yields up to 8.6%. <\/p>\n<p data-start=\"157\" data-end=\"505\">Combine that with Solana\u2019s lightning-fast block times, sub\u2011cent fees, and tailor-made incentive programs (like xBTC on Kamino), and the chain is retaining capital on its own terms.<\/p>\n<p>Who\u2019s funding the surge?<\/p>\n<p data-start=\"157\" data-end=\"505\">Solana\u2019s TVL surge appears to be fueled less by institutional money and more by opportunistic yield farmers and community-led capital rotations.<\/p>\n<p data-start=\"157\" data-end=\"505\">Protocols like JTO and Kamino offer competitive staking and lending yields, attracting active on-chain users rather than passive ETF inflows.<\/p>\n<p data-start=\"157\" data-end=\"505\">The presence of high wallet activity and smaller average deposit sizes also points to strong retail participation. While institutions remain more focused on <a href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\">Ethereum\u2019s [ETH]<\/a> regulated layers, Solana is thriving.<\/p>\n<p data-start=\"157\" data-end=\"505\">This is through fast-moving, incentive-driven liquidity; mobilized by users who know how to chase yield and optimize across native platforms.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/solana-active-addresses-hit-new-high-so-why-is-sol-still-falling\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Solana active addresses hit new high \u2013 So why is SOL still falling?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Solana\u2019s DeFi TVL hit $17.5B, led by new protocols like JTO, KMNO, and Jupiter. Retail users and yield&hellip;\n","protected":false},"author":2,"featured_media":248817,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-248816","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114819331864571221","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/248816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=248816"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/248816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/248817"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=248816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=248816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=248816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}