Solana joins DeFi’s top 5 with $1 billion total value locked
Solana (SOL) reached a $30 billion market cap and close to $1 billion of Total Value Locked (TVL) in DeFi on December 12. The best performer, “Ethereum-killer” of 2023, has consistently earned cryptocurrency investors’ attention and money this year. Notably, Solana’s decentralized finance ecosystem now features among the top five chains in TVL. SOL conquered this position after an impressive 43.91% TVL surge in a week to $945.87 million invested tokens worth of dollars. Top 5 DeFi chains by total value locked. Source: DefiLlama Finbold retrieved this data from DefiLlama , which provides valuable indicators for the ever-growing DeFi ecosystem. For example, the close to $1 billion TVL on Solana is spread among 244.919 crypto wallet addresses and 117 Solana-based protocols. Cryptocurrency Bitcoin price prediction as Elizabeth Warren unveils crypto 'crack down' bill Cryptocurrency Short squeeze alert for December 12: Two cryptocurrencies w...