Solana Trading Plummets Despite DeFi Surge: Network Shows Resilience

Despite a 44% decline in trading activity during Q2 2025, Solana’s DeFi ecosystem thrived. While memecoin speculation waned, total value locked on the network surged 30% to $8.6 billion, driven by increased adoption and institutional involvement. Key players like Anza and Solana Labs, led by Anatoly Yakovenko and Raj Gokal, are working diligently on scaling improvements and enhancing the network’s appeal. This resilience reflects a shift in investor focus from speculative trading towards long-term DeFi applications.