Solana DeFi Hits New All-Time High: Is It A Liquidity Bubble?

Solana’s decentralized finance (DeFi) ecosystem has reached a new all-time high, with over $11.7 billion in Total Value Locked (TVL). This impressive figure is supported by robust liquidity and user engagement, but some experts are questioning if this growth translates into sustainable revenue for validators and developers. While daily transaction volume on the network remains high, fees remain low, creating a gap between activity and earnings.