Overview
- DeFiLlama data shows Solana’s total value locked reaching a new high of $13 billion, including a roughly 4% jump over the past day.
- Capital is concentrating in staking protocols, with Jito, Kamino, and Sanctum each topping $3 billion in TVL alongside gains across tokenization projects.
- Several Solana DEX protocols logged TVL increases of 40% to 270% over the past month, reflecting broader yield-seeking behavior across the ecosystem.
- On-chain DEX volume climbed from about $81 billion in June to more than $120 billion in August, a stretch that coincided with SOL’s move from roughly $126 to above $220.
- SOL trades near $237 after a confirmed breakout, with analysts highlighting Fibonacci targets around $260 to $290 if momentum holds, while CoinGlass reports futures open interest near $16 billion.