JTO Tops Solana DeFi Protocols with $2.04B in Total Value Locked
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 27 2024
Solana's DeFi Growth: Solana's decentralized finance ecosystem has reached a total value locked (TVL) of approximately $5.4 billion, with Jito Labs (JTO) leading at nearly $2.04 billion, followed by Kamino (KMNO) and Marinade (MNDE).
Top Protocols Overview: The top protocols by TVL include JUP, RAY, and CLOUD, while the lowest-ranked protocol, Meteora, has a TVL of $299 million, showcasing a diverse range of asset values within the Solana network.
About the author
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
