Solana DeFi Locked SOL Hits 62.3 Million, Highest Since June 2022

According to SolanaFloor, the amount of SOL locked in Solana's DeFi ecosystem has reached its peak level in nearly three years.

SOL

Summary

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Terms & Concepts
  • DeFi: Decentralized finance, a blockchain-based financial system allowing peer-to-peer transactions without intermediaries.
  • SOL: The native cryptocurrency of the Solana blockchain, used for transactions, staking, and governance.
  • Total Value Locked (TVL): A measure of the total assets deposited in DeFi protocols, often used as an indicator of ecosystem activity.