Jupiter Exchange Reclaims Top Solana DeFi Spot by TVL Following Launch of Jupiter Lend

The decentralized finance protocol's new lending product, Jupiter Lend, helped it surpass other projects on the Solana network in total value locked.

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Terms & Concepts
  • DeFi (Decentralized Finance): Financial services built on blockchain technology that operate without central intermediaries like banks.
  • TVL (Total Value Locked): A metric representing the total value of assets staked or locked in a decentralized finance (DeFi) protocol, indicating its liquidity and popularity.
  • Solana: A high-performance blockchain platform known for its fast transaction speeds and low costs, supporting decentralized applications and crypto projects.