Solana’s Total Value Locked (TVL) expanded from $396M on Dec 26, 2022 to $8.69B by July 4, 2025, a 2,094% increase (~22x growth) across 80 weeks. This translates to a weekly geometric growth multiplier of ~1.089, or an 8.9% compound weekly rate.
This rapid TVL expansion reflects capital inflows, increased DeFi participation, and regained trust in Solana’s infrastructure following the FTX collapse.
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LST Ecosystem Expansion:
Liquid staking derivatives (JitoSOL, mSOL) accounted for a significant share of inflows, as yield-seeking capital returned with Ethereum-style primitives on Solana.
MEV Monetization & Compression Tech:
Validator-side MEV solutions and data compression (via Firedancer and ZK-state) improved scalability and trust in Solana’s low-latency environment.
Resurgence of DeFi-NFT Hybrids:
Protocols like Tensor and HadeSwap blurred lines between DeFi and NFTs, generating sticky liquidity and reinforcing Solana’s unique narrative.
Restored Institutional Confidence:
Post-FTX reforms and a more diversified validator ecosystem helped re-attract institutional capital, supported by enhanced wallet infra (e.g., Backpack, Phantom) and custodianship.
This pattern, paired with the geometric growth trend, suggests Solana’s DeFi ecosystem is entering a new structural bull phase, underpinned by both technical confirmation and fundamental evolution.
Anyways, let me know in the comments 3 reasons not to be bullish on Solana as we speak.
(PS: QC-resistant issues don’t apply only for Solana but for all major crypto assets!)
This rapid TVL expansion reflects capital inflows, increased DeFi participation, and regained trust in Solana’s infrastructure following the FTX collapse.
————————————————
LST Ecosystem Expansion:
Liquid staking derivatives (JitoSOL, mSOL) accounted for a significant share of inflows, as yield-seeking capital returned with Ethereum-style primitives on Solana.
MEV Monetization & Compression Tech:
Validator-side MEV solutions and data compression (via Firedancer and ZK-state) improved scalability and trust in Solana’s low-latency environment.
Resurgence of DeFi-NFT Hybrids:
Protocols like Tensor and HadeSwap blurred lines between DeFi and NFTs, generating sticky liquidity and reinforcing Solana’s unique narrative.
Restored Institutional Confidence:
Post-FTX reforms and a more diversified validator ecosystem helped re-attract institutional capital, supported by enhanced wallet infra (e.g., Backpack, Phantom) and custodianship.
This pattern, paired with the geometric growth trend, suggests Solana’s DeFi ecosystem is entering a new structural bull phase, underpinned by both technical confirmation and fundamental evolution.
Anyways, let me know in the comments 3 reasons not to be bullish on Solana as we speak.
(PS: QC-resistant issues don’t apply only for Solana but for all major crypto assets!)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.