Solana DeFi Total Value Locked Declines 1.3% to $8.53 Billion

The latest report reveals a decrease in Solana's DeFi TVL, with Jito, Kamino, and Jupiter leading the top protocols.

SOL
JUP
JTO

Summary

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Terms & Concepts
  • DeFi: Decentralized Finance, a blockchain-based form of finance that does not rely on traditional financial intermediaries.
  • Total Value Locked (TVL): A metric that measures the total capital held within a DeFi protocol, indicating its overall size and health.
  • Protocol: A set of rules or procedures for transmitting data between electronic devices, commonly used in the context of blockchain technology.