OMG Solana’s DeFi TVL Hits $10B—What’s the Tea? 🤔☕

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So, guess what? Solana decided to dust off its roller skates and hit the crypto rink again. And oh, honey, it brought *all* the drama. The DeFi Total Value Locked (TVL) climbed back to a six-month high of $10 billion. Cha-ching! 🤑

Apparently, this whole “bull run” thing is like Solana’s version of a spa day—it just needed a little boost to feel alive again. On Monday, July 21st, SOL flexed hard, crossing that $100 billion market cap mark with each token trading at $194.62. That’s right, folks, it hasn’t seen numbers like these since January 25th. Talk about a glow-up! ✨📈

And because life loves a good plot twist, Solana’s price hike also gave its ecosystem an ego boost. Its DeFi TVL swelled up to $10.453 billion—the highest it’s been in months. Honestly, I’m surprised it didn’t post about it on Instagram. #Blessed 💁‍♀️

But wait, there’s more! Decentralized exchanges (DEXs) got in on the action too—but let’s not kid ourselves; they’re still recovering from their New Year’s hangover. Between July 14th and July 20th, Solana DEXs processed $22.58 billion in volume, up from $18.5 billion the week before. Baby steps, right? 👶👟

Leading the pack are Raydium, Orca, and Meteora, with weekly volumes of $8.4 billion, $5.9 billion, and $5.3 billion respectively. Impressive? Sure. But compared to their January peak of $98.28 billion, they’re basically stuck in the friend zone. Awkward. 😬

Why Did This Happen? 🧐

Okay, so here’s the tea: Solana’s DeFi TVL surge probably happened because SOL prices went full diva mode. When your token’s worth skyrockets, everything else follows suit—it’s basic math but make it fashion. 💃📚

For those playing along at home, DeFi TVL includes tokens, stablecoins, and even memecoins chilling in smart contracts, lending pools, or vaults. What it *doesn’t* include? Tokens staked with validators for securing the network—that’s a whopping 355.4 million SOL valued at $69.44 billion—or anything hanging out on centralized exchanges. So yeah, no shortcuts here. 🚫💳

In conclusion, Solana’s having a moment—and honestly, who can blame it? If my value shot up by billions overnight, I’d throw a party too. Just saying. 🎉💸

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2025-07-21 22:49