Rewards Hub Solana's total value locked (TVL) has surged to $35 billion in 2025, a significant increase from $3 billion in December 2023, according to TokenTerminal data reported by The Defiant. The ecosystem's fully diluted valuation (FDV) has also climbed to $100 billion, with SOL trading at 2.95 times the TVL.
Stablecoins constitute 43% of Solana's TVL, while liquid staking protocols, lending platforms, and decentralized exchanges (DEXs) contribute $7.1 billion, $4.8 billion, and $4.8 billion respectively. This growth highlights Solana's expanding influence in the blockchain space.
Solana Ecosystem TVL Reaches $35 Billion in 2025
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