Solana DeFi TVL Climbs to $8.6 Billion as Liquidity Outpaces Revenue

Recent data reveals that Solana’s decentralized finance (DeFi) Total Value Locked (TVL) surged to a record high of $8.6 billion in the second quarter of 2025, demonstrating strong growth. However, the network’s revenue from transaction fees remains modest compared to this impressive liquidity surge. This disparity highlights a crucial question for Solana: can it convert its growing DeFi ecosystem into sustained financial stability?