Solana’s decentralized finance (DeFi) ecosystem has seen a significant milestone, with its total value locked (TVL) reaching $12.7 billion, the highest since January 2022, according to DeFiLlama. This marks a substantial increase from earlier figures, such as $6.1 billion in October 2024 and $8.6 billion in Q2 2025, driven by platforms like Raydium, which accounts
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