Solana Soars to $17.5B TVL with Jito, Kamino, and Cloud Drive Boost
Solana Achieves $17.5 Billion in Total Value Locked: A DeFi Powerhouse
Jito and Kamino Dominate with Over $5 Billion in Combined TVL
In July 2025, Solana reached a remarkable milestone, boasting a total value locked (TVL) of $17.5 billion. This surge solidifies Solana’s position as a leading blockchain for smart contracts and decentralized finance (DeFi), driven by robust activities in staking, lending, decentralized exchanges (DEXs), and yield farming. Among the standout projects, Jito (JTO) leads with an impressive TVL of $2.72 billion, accounting for 17.94% of the network’s total. Following closely is Kamino (KMNO), a decentralized lending platform, with a TVL of $2.43 billion, representing 16.03% of the total. Together, these two platforms contribute a significant $5.15 billion, reflecting strong user confidence in Solana’s staking and borrowing capabilities.
Jupiter and Cloud Shine in Decentralized Trading and Yield Generation
The decentralized exchange Jupiter (JUP) is making waves with a TVL of $2.39 billion, capturing 15.77% of the overall total. Meanwhile, Cloud has also gained traction, boasting a TVL of $1.87 billion. This growth highlights the increasing popularity of DeFi solutions that combine trading with passive income opportunities.
Raydium and Drift Broaden Solana’s DeFi and Staking Landscape
Raydium (RAY) continues to lead the DEX space on Solana, with a TVL of $1.77 billion, serving as a vital liquidity hub for the ecosystem. Marinade Finance (MNDE) holds a substantial TVL of $1.69 billion, making up 11.15% of the total. Additionally, Drift, which offers both DEX and staking services, has reached a TVL of $940.02 million, representing 6.20% of Solana’s total. This trend indicates a growing demand for hybrid DeFi solutions.
Meteora, ORCA, and FRAG Complete the Top 10
Meteora, a DEX and yield aggregator, has secured a TVL of $757.73 million, which is 5.00% of the total locked assets. ORCA, one of the pioneering DEXs on Solana, now has a TVL of $360.17 million, accounting for 2.38%. Finally, the restaking protocol FRAG rounds out the top ten with a TVL of $300.88 million, making up 1.98% of the total.
A Bright Future for DeFi on Solana
The achievement of a $17.5 billion TVL marks a significant milestone for Solana, showcasing a thriving ecosystem that extends beyond mere token trading. The leading DeFi platforms, including Jito, Jupiter, and Kamino, appear stable and poised for future growth. With the potential to surpass the $20 billion mark by the end of 2025, Solana is attracting more users and developers, thanks to its rapid transaction speeds, low fees, and composable protocols.
Author Bio
Ishtiyaq Hussain brings over five years of expertise in cryptocurrency, blockchain, and technology writing. He excels at simplifying complex subjects, making blockchain and digital currency concepts accessible to a broad audience. His engaging writing style keeps readers informed about the latest trends and innovations in the crypto landscape. Whether discussing blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down intricate ideas into clear, digestible content, empowering individuals to navigate the ever-evolving world of cryptocurrency with confidence and clarity.
