$SOL

Solana’s TVL stands at $7.971 billion, a decline of 0.33% in the last 24 hours. However, the graph shows a peak of ~$10 billion in late 2024, aligning with your earlier mention of Solana hitting 41 million SOL (~$10 billion) in October 2024, driven by the meme coin craze.

Historical Trend: TVL grew steadily from 2021 (~$2 billion) to a high in late 2021 (~$10 billion), dropped sharply to ~$1 billion in 2022 due to market downturns and network outages, and rebounded to $3–4 billion in 2023 before surging in 2024. This growth reflects increased DeFi adoption, particularly from platforms like Jupiter ($1.5 billion TVL) and Kamino Finance ($1 billion TVL).