Solana DeFi Total Value Locked Rises 30% to $8.6 Billion

The Solana (SOL) ecosystem showed significant growth in Q2 2025, particularly in Decentralized Finance (DeFi).

Key Highlights

DeFi total value locked (TVL) increased by 30.4% to $8.6 billion, making Solana the second-largest network in DeFi TVL.
Average daily decentralized exchange (DEX) volume fell by 45.4% to $2.5 billion due to declining interest in memecoins.
Stablecoin market cap decreased by 17.4% to $10.3 billion, with USDC's market cap at $7.2 billion, down 25.2%.
Liquid staking rate rose to 12.2%, with 64.8% of SOL’s circulating supply staked.
Circulating market cap grew by 29.8% to $82.8 billion, ranking sixth among cryptocurrencies.
NFT trading volume declined by 46.4% to approximately $979,500 per day, but NFTs still lead in creator royalties.
Total staked SOL reached $60 billion, a 25.2% increase.
SOL price currently at $184.50, down 4.4% in the past 24 hours and nearly 40% below its record high of $293.

Overall, while facing some challenges, the Solana ecosystem continues to show foundational strength and development potential.