Solana DeFi TVL Breaks $10 Billion Barrier, Signals Blockchain Comeback

Solana’s Total Value Locked (TVL) in decentralized finance has surged past the $10 billion mark, indicating a strong resurgence for the blockchain after experiencing significant drops. Analysts point to factors like expanding DeFi applications and increasing institutional investment as key drivers of this growth. Following a substantial decline in 2023, Solana’s TVL has been steadily recovering, reaching record highs after dropping below $3 billion earlier this year.