The State Of DeFi On Solana
Alpenglow is now live, targeting 150ms transaction finality, potentially enabling faster trade settlement, lending, and onchain liquidity flows.
Current snapshot:
DeFi TVL: $6.56B
Stablecoin market cap: $16.62B
RWA active AUM: $2.40B
7D DEX volume: $12.97B
What moved this week:
■
@JupiterExchange’s YOLO surpassed $1B in volume in under 24 hours, offering up to 1,000x leverage on SOL, BTC, and ETH in beta.
■
@Kamino’s autonomous lending vaults surpassed $170M in deposits, growing 8x within 30 days of its fixed-rate rollout.
■
@Raydium overtook
@Pumpfun in 24-hour spot DEX volume, intensifying competition for Solana trading activity.
■
@MeteoraAG upgraded its DAMM v2 interface with unified liquidity panels, dynamic slippage controls, and position splitting.
■
@LaunchOnSF introduced token trading against baskets of tokenized assets, starting with Frontier, which combines exposure to OpenAI, Anthropic, Meta, SpaceX, and Google.
■
@Pumpfun introduced Pump Bridge, targeting 2x faster cross-chain routing and 12x fewer execution errors.
■
@solflare surpassed $200M in cumulative perpetuals trading volume through its native wallet interface.
■
@PhoenixTrade launched Anthropic pre-IPO perpetuals, offering long and short exposure with up to 6x leverage.
■
@NysaFinance launched lending markets against
@Ondo’s
$USDY, bringing tokenized Treasury exposure into DeFi through Kamino infrastructure.
■
@upshift_fi launched Gamma USDC, a vault curated by
@Gamma_Research_, with $7M+ in deposits deployed across RWA lending and Kamino looping strategies.
■
@1inch integrated 450+
@Ondo tokenized stocks and ETFs on Solana, backed 1:1 by underlying assets.
■
@lifiprotocol deployed an intent-routing engine connecting Solana liquidity layers with tokenized equities and stablecoin rails.
■
@sunrise listed tokenized
$META through
@Backpack Securities
■
@Sunrise surpassed $15B in lifetime tokenized equities volume on Solana in under a year.
■ Solana’s tokenized stock markets exceeded $172M in 24-hour trading volume, led by
$SPCX,
$TTWO, and
$NVDAx.
■
@Hylo secured $1M in strategic funding led by
@SolanaVentures to scale decentralized leverage products.
■
@project0 connected AI agents including Claude, Cursor, Codex, and x402 to Solana DeFi, including credit markets through a single agent link.
■
@OOBEonSol deployed Steve Capital, an autonomous treasury agent allocating USDC across Kamino yield strategies.
■
@listendotmoney introduced an autonomous DeFi execution agent integrating
@Turnkey non-custodial signing and
@Helius data streams.