Solana hits new TVL record despite falling volume
- Solana's TVL exceeds $31 billion
- Circle accounts for 28% of the blocked value
- Trading volume down 84% since January
Following Ethereum's recent all-time high, Solana also reached a significant milestone. Data from Token Terminal indicates that Solana's total value locked (TVL) surpassed $31 billion on August 14, surpassing the previous record of $30,8 billion set in January. This growth occurs even though the SOL cryptocurrency is trading at $186—about 37% below its all-time high of $293.
The current growth of the Solana ecosystem isn't tied to the memecoin frenzy, as it was at the beginning of the year, but rather to a more consolidated foundation. Circle, responsible for issuing USDC, is the main participant in this growth, with $8,7 billion allocated to the network, representing 28% of the total TVL. Protocols like Kamino (lending), Jupiter (DEX aggregator), and Jito (liquid staking) have a combined $10,7 billion in locked value, sustaining liquidity on the blockchain.
Despite the decline in retail interest in memecoins, institutional capital and real-world usage in DeFi protocols are keeping the ecosystem healthy. The numbers reinforce this shift: Solana's weekly trading volume fell from $103 billion in January to $16,9 billion today—an 84% drop. Cumulative fees also followed suit, falling from $530 million to $72,3 million in the same period.
Even with declining trading and revenue, funds continue to flow into decentralized applications, indicating a maturing ecosystem. The new TVL record suggests that Solana may be less dependent on speculative cycles and more anchored in real utility.
With the strengthening of established protocols and increasing liquidity, Solana now exhibits more consistent fundamentals for a potential bullish resumption. This continued growth could occur even in environments of less euphoria in the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
$WLFI Exposed: A High-Risk Scam Behind a False Halo—Staying Away Is the Only Choice

Ethereum’s largest L2 Arbitrum launches $40M program to promote DeFi growth
Share link:In this post: Arbitrum’s DRIP program is managing approximately $40 million (80 million ARB) in user incentives to enhance its DeFi ecosystem. Season One, titled “Loop Smarter on Arbitrum,” starts on September 3, 2025, and is set to run until January 20, 2026. The initiative comes after the project allocated $14 million to support audit expenses and improve ecosystem security.
Gold is crushing the S&P 500 even as stocks post one of the strongest rallies in decades
Share link:In this post: Gold has gained 37% year-to-date, nearly four times the S&P 500’s return despite a strong rally. Since 2023, gold is up about 100% compared to a 67% rise in the S&P 500. Central banks now hold more gold than U.S. Treasuries for the first time since 1996.
Ukraine’s lawmakers vote to legalize crypto
Share link:In this post: Ukrainian parliament approves bill legalizing cryptocurrencies. The new legislation regulates the market and taxation of virtual assets. National Bank of Ukraine to be tasked with oversight of the crypto industry.

Trending news
MoreCrypto prices
More








