Solana (SOL) LSD protocols have witnessed a surge of 91% in TVL.
Marinade Finance holds a dominant 64% share of the TVL with $120 million locked.
Solana (SOL), blockchain the so-called Ethereum killer making significant strides in the cryptocurrency market. Recent data from DeFiLlama reveals that Solana’s Liquid Staking Derivatives (LSDs) protocol has experienced an impressive surge in Total Value Locked (TVL) this year, signifying its growing prominence among top cryptocurrencies.
Solana (SOL) TVL Surges
Since the beginning of the year, the TVL on Solana’s LSD protocols has skyrocketed by more than 91%, jumping from $98 million to $187 million. This surge indicates the increasing confidence and adoption of Solana’s blockchain ecosystem. Currently, the combined total value locked in the Solana network is approximately $285 million, with these protocols representing around 70% of that total.
Further, the leading pack among the LSD protocols on Solana is Marinade Finance, which c
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