Solana is emerging as a key player in the Layer-1 blockchain sector, driven by its expanding DeFi ecosystem. The network's total value locked (TVL) has reached over $11 billion, ranking it second among Layer-1 blockchains. This growth is fueled by projects like Jupiter, Raydium, and Pump.fun, which facilitate fast NFT trading, token lending, and meme coin creation. Institutional interest in Solana is increasing, with traditional finance entities exploring investments in the network alongside Bitcoin and Ethereum. Solana's market capitalization has exceeded $100 billion, securing its position among the top 10 cryptocurrencies.