Sanctum Leads 30-Day TVL Growth Among Top Four Solana Protocols

The report says Sanctum posted gains in both U.S. dollar and Solana-denominated total value locked, indicating rising deposited asset value within the Solana ecosystem.

SOL

Summary

According to the report, Sanctum led total value locked (TVL) growth among the top four Solana protocols over the last 30 days. Its U.S. dollar-denominated TVL rose 9.72%, while its Solana-denominated TVL increased 3.76%. TVL measures the value of assets deposited in a protocol, and tracking it in both dollar terms and native-token terms can help distinguish between price effects and underlying asset growth.

Terms & Concepts
  • TVL (total value locked): A metric showing the value of crypto assets deposited in a protocol, often used to gauge activity and scale in decentralized finance.
  • Solana: A blockchain network designed for high-speed, low-cost transactions and widely used for decentralized finance and other crypto applications.
  • Protocol: A blockchain-based application or system with defined rules for handling assets, transactions, or onchain services.