The Solana network has set a new record for total value locked, reaching $12.531 billion. This significant increase from previous figures indicates a rise in activity on the platform.
Record Total Value Locked in Solana
According to DeFiLlama, Solana's total value locked (TVL) hit $12.531 billion, surpassing the previous high of $11.751 billion logged in January 2025. TVL measures the sum of assets committed to smart contracts across the network, including liquidity on decentralized exchanges.
Success of Jupiter Lend
The Jupiter platform, a leading decentralized exchange on Solana, recently launched the public beta of its lending product, Jupiter Lend. In approximately two weeks after its launch, the product attracted over $600 million in deposits, lifting Jupiter's total value locked to $3.38 billion.
Market and Institutional Interest
Public filings show that at least 13 listed companies hold roughly 8.9 million SOL, a 7% increase over the past month. The rise in TVL signals deepening liquidity and support for active markets; however, it may fluctuate based on price swings and changing incentives. With the current price of SOL around $227, combined with increasing institutional interest, Solana continues to attract capital with clear purposes in trading, lending, and staking.
In conclusion, the record total value locked in Solana reflects the combination of an emerging lending market and the rising price of SOL, highlighting user activity on the platform and interest from institutional investors.
