JTO Tops Solana DeFi Protocols with $2.04B in Total Value Locked

Solana, a number one blockchain platform, retains on making vital developments within the DeFi sector. The whole worth locked within the DeFi ecosystem of Solana is reportedly standing at almost $5.4 billion, with prime protocols when it comes to TVL together with JTO, KMNO, MNDE, JUP, RAY, CLOUD, DRIFT, BLZE, and so forth.

JTO Leads Solana-based Protocols in Line with Whole Worth Locked

TVL operates as an important metric that denotes the cumulative price of belongings within the Solana-based decentralized finance protocols. On this respect, TVL is a major indicator of the expansion and adoption of the platform. Based mostly on the info relating to whole worth locked, Jito Labs (JTO) is ruling the market. Its whole worth locked is almost $2.04B. Along with this, Kamino (KMNO) secures the two^nd place with a TVL of as much as $1.6B.

The three^rd spot is obtained by Marinade (MNDE). The protocol has reportedly seen $1.21 billion in its whole worth locked. Following that, Jupiter (JUP) occupies the 4^th place within the checklist with its TVL reaching almost $1.12 billion. Raydium (RAY) comes after it within the 5^th place. The whole worth locked of the protocol is almost $1.02 billion. The 6^th place within the checklist is seized by Sanctum (CLOUD).

Meteora Bottoms the Listing with $299M in Its TVL

The TVL of CLOUD has reportedly touched $850 million. Subsequently, Drift Protocol will get 7^th place as its whole worth locked equals $431M when it comes to worth. Whereas transferring on, the checklist locations Marginfi within the 8^th rank. the Solana protocol has reportedly reached $421 million. BlazeStake receives the 9^th spot among the many prime Solana-based protocols. Its TVL is round $300 million in the mean time. On the finish, the checklist consists of Meteora as the ten^th and final entry. It stands at $299 million when it comes to TVL.