Jinse Finance reported that, according to The Block Research, since the beginning of 2023, the total locked value (TVL) of the liquidity staking agreement on the so-called "Ethereum killer" Solana has soared by 91%. Specifically, protocols such as Marinade Finance, Lido, Jito, JPool, and Socean held a cumulative $187 million worth of SOL tokens as of the end of June, up from just $98 million at the beginning of the year.


According to DefiLlama, this will make up the bulk of the $270 million currently locked in Solana’s DeFi ecosystem. Still, Ethereum is the overwhelming king of the DeFi space, with $26 billion of the $44 billion locked in the entire industry.
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