Seven of the eight protocols with over $1 billion in TVL posted double-digit monthly gains, with only Kamino recording modest growth of 3%.
The TVL recovery positions Solana among the top blockchain ecosystems by locked value, especially among Ethereum layer-2 (L2) blockchains. Base is the largest Ethereum L2, with $4.8 billion in TVL, which is less than half of Solana’s size.
Corporate treasury adoption and regulatory clarity are driving renewed institutional interest in Solana.
