Solana’s Total Value Locked Falls to $8.67 Billion Amid Market Decline

The drop, driven in part by a 53% fall in Jito liquid staking, marks a 34% decrease from September highs.

SOL
JTO

Summary

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Terms & Concepts
  • Total Value Locked (TVL): The total value of cryptocurrencies staked or held in a blockchain protocol’s smart contracts.
  • Liquid Staking: A process allowing users to stake cryptocurrencies while retaining liquidity through derivative tokens.
  • Jito: A Solana-based liquid staking protocol that lets users stake SOL and receive tradable tokens in return.