Solana DeFi Surges to New All-Time Highs, Fueled by Meme Coin Boom

Solana has just hit a new milestone in total value locked (TVL), exceeding $12 billion for the first time. This growth is primarily driven by increasing activity in its DeFi ecosystem, with protocols like Jupiter, Jito, Sanctum, and Raydium experiencing significant surges in TVL over the past month. This puts Solana on track to surpass previous high points achieved earlier this year. Experts attribute this surge to expanding decentralized finance applications and a rise in institutional investments into the network.