Solana has reached a new record in total value locked (TVL), surpassing $12.1 billion, which indicates growing confidence and adoption within the network.
Record Total Value Locked
According to Cointelegraph, Solana's TVL surpassed $12.1 billion on September 11, 2025. This figure shows growth since mid-2024 from a low of $4 billion in mid-2023, indicating active ecosystem development.
High-Speed Network Fuels DeFi and NFT Adoption
The achievement underscores Solana’s increasing significance as a high-performance blockchain, capable of processing over 2,600 transactions per second. Low transaction fees and a quick block time of 400 milliseconds make the network a preferred choice for developers and investors, leading to an increase in DeFi and NFT projects.
Firedancer Upgrade to Boost Scalability
Analysts are optimistic, predicting that $SOL could reach new price highs, potentially exceeding $230 by early 2025. The upcoming Firedancer upgrade aims to enhance scalability and performance, which could attract more capital to the platform, despite existing risks such as centralization and market volatility.
This milestone of record TVL signifies an important stage in Solana's development, potentially solidifying its position as a competitor to Ethereum in the DeFi sector. Observing the network's growth in the coming weeks will be particularly engaging.
