Solana’s Top 10 Protocols Highlight Surging DeFi Liquidity and Revenue Growth

The Solana decentralized financial system is still in the development phase, with the 10 most popular protocols holding a total value locked of billions of dollars. Recent statistics emphasize the manner in which liquidity is concentrated in a limited number of platforms controlling the trading, lending, staking, and yield maximization across the network. Though the macroeconomic data have seen their ups and downs in the short run, there is an overall trend toward the long-term patterns of user activity and an increase in economic output.

The most popular protocols highlight the strength of Solana in itself, such as fast performance, low charges, and massive throughput applications that attract retail and institutional customers.

Jupiter Maintains the Top Position by TVL

Jupiter is now the biggest protocol on Solana in terms of value locked, with around 2.76 billion. Being the main liquidity aggregator in Solana, Jupiter is a key figure in placing trades across the decentralized exchanges to provide the best price. The platform also drives high daily fees that exceed 1.9 million, which underscores the core of its significance in the trading infrastructure of Solana.

The fact that Jupiter is at the top emphasizes that it is now a crucial part of the DeFi activity on high-performance blockchains based on aggregation layers.

Kamino and Sanctum Drive Lending and Liquid Staking Growth

Kamino is the second with approximately $2.66 billion TVL, which has been upheld by the consistent daily, weekly, and monthly growth. Kamino is a lending and liquidity management protocol that will have better capital efficiency and yield strategies demanded in the Solana ecosystem.

Sanctum is close behind with about $2.21 billion locked. Dedicated to liquid staking infrastructure, Sanctum has reported excellent monthly growth, although with slight declines on a daily basis. Its growth is indicative of an increase in the desire to stake in products that enable a user to remain liquid, and at the same time, contribute to the safety of the network.

Jito and DoubleZero Strengthen Core Infrastructure

Jito is ranked fourth with slightly more than $2.08 billion TVL. Jito remains at the center of validator economics and network performance due to its staking solutions, which are MEV-oriented. The protocol has registered positive weekly and monthly profits, which support the optimism in its long-term relevance.

In the fifth place is DoubleZero, which is locked with a total of about $1.89 billion. Although it registered a minor negative growth on a daily basis, its expansion is strong on a monthly basis. 

Raydium and Binance Staked SOL Reflect Trading and Staking Demand

The sixth most established decentralized exchange in Solana is Raydium, which has almost $1.6 billion TVL. Even though it suffered minor short-term losses, Raydium still rakes in impressive amounts of daily fees and serves as one of the pillars of the liquidity system of Solana.

The next one in line is Binance Staked SOL, which has approximately $1.6 billion. As a liquid staking product, it registered one of the highest increments in the top 10, explaining the resurgence of interest in staking solutions with SOL being used to increase in DeFi and in consumer uses.

Marinade and Drift Show Mixed Performance Trends

Another liquid staking is Marinade, which occupies the eighth position with approximately 

$1.19 billion TVL. Although it has recorded positive growth on a weekly basis, the monthly growth was slightly negative, implying that staking providers were rebalancing the short term.

One of the derivatives and trading protocols named Drift is in position 9, which has approximately $723 million locked. The platform is still appealing to active traders, but its monthly TVL is declining, which suggests a change in risk aversion in leveraged trading markets.

Meteora Closes the Top 10 With Generation of High Fees.

Meteora is at number 10 with close to $545 million TVL. Although Meteora has a smaller base of capital than the higher-ranked protocol, it can be characterized by the large amount of fees generated per day, exceeding $3.6 million. This puts emphasis on the fact that revenue efficiency is not always proportionate to the size of TVL.