Solana DeFi Value Soars: TVL Explodes By Over 50% Amidst Meme Token & Lending Growth

Solana’s decentralized finance (DeFi) landscape has experienced a dramatic surge in value, with total value locked (TVL) growing by over 50% in the past month. This growth is attributed to surging lending activity and inflows from other ecosystems, particularly Ethereum. The TVL now stands at $9.44B, marking the highest level since February. A combination of SOL appreciation and the expansion of native meme tokens has fueled this increase. 💰 📈