• Solana’s top five DeFi projects—Jito, Kamino, Jupiter, Sanctum, Raydium—collectively hold over $11B in TVL, driving ecosystem growth and innovation.

  • These platforms specialize in MEV, liquidity management, trade aggregation, liquid staking, and AMM-based trading, offering diverse DeFi services.

  • Solana’s speed and low fees attract developers and users, making it a competitive blockchain for decentralized finance applications.

 

 

Solana has become a rising star in decentralized finance (DeFi) thanks to its high speed, low latency, and low transaction costs.

 

One important metric to measure a DeFi protocol’s popularity and trust is TVL (Total Value Locked), which shows how much value users have locked in the platform.

 

 

According to recent data, the top five DeFi projects by TVL on Solana are Jito, Kamino, Jupiter, Sanctum, and Raydium. These projects show the diversity and strength of Solana’s DeFi ecosystem. Let’s take a closer look at each one and how they help grow the Solana network.

 

 

1. JITO – $2.807B TVL: LEADER IN MEV OPTIMIZATION

 

Jito has the highest TVL on Solana, with $2.807 billion locked. Jito focuses on MEV (Maximal Extractable Value) – a way to earn more by reordering blockchain transactions. It helps validators and users earn more efficiently by using smart transaction ordering tools.

 

 

Source：JITO

 

Its main product, JitoSOL, is a liquid staking token. Users can stake SOL and still use it in DeFi apps, getting both rewards and flexibility.

 

Solana’s fast network is perfect for MEV strategies, and Jito’s TVL shows strong trust from users. Jito is likely to keep growing, especially with interest from institutions.

 

 

2. KAMINO – $2.4B TVL: HUB FOR AUTOMATED LIQUIDITY

 

With $2.4 billion in TVL, Kamino is Solana’s second-largest DeFi project. Kamino offers tools for automated liquidity management and lending. It helps users provide liquidity more efficiently using concentrated liquidity pools. It also allows users to borrow against their assets.

 

 

Source：Kamino

 

Kamino is user-friendly, making it easy for beginners to get started. It works well with other Solana DeFi protocols like Raydium and Orca. In the future, Kamino may add more features like cross-chain bridges or derivatives trading.

 

 

3. JUPITER – $2.384B TVL: TOP TRADE AGGREGATOR

 

Jupiter ranks third with a TVL of $2.384 billion. It is the top DEX (decentralized exchange) aggregator on Solana. Jupiter combines liquidity from many DEXs (like Raydium and Orca) to give users the best price and lowest slippage for swaps.

 

 

Source：Jupiter

 

Its smart routing algorithm helps users find the most efficient trade path. Jupiter is important for all traders on Solana, from small to large. It also offers extra tools like limit orders and perpetual futures. As trading on Solana grows, Jupiter is likely to grow even more.

 

 

4. SANCTUM – $1.897B TVL: INNOVATOR IN LIQUID STAKING

 

Sanctum has $1.897 billion in TVL and focuses on liquid staking, an important part of Solana’s DeFi. Users can stake their SOL and get LSTs (liquid staking tokens) in return. These tokens can still be used in trading, lending, or liquidity pools.

 

 

Source：Sanctum

 

Sanctum makes staking simple and works closely with other Solana protocols. It also partners with Jito to improve rewards. With more people looking to stake SOL, Sanctum may create more custom products for different users.

 

 

5. RAYDIUM – $1.776B TVL: AMM PIONEER ON SOLANA

 

Raydium, with $1.776 billion in TVL, is one of the first AMMs (automated market makers) on Solana. It combines AMM trading with an order book model from Serum, giving users fast and low-cost swaps.

 

 

Source：Raydium

 

Raydium supports many trading pairs and attracts both liquidity providers and traders. Even though it ranks fifth, Raydium is still a key part of Solana’s DeFi infrastructure. Its connections with other protocols like Jupiter make it even stronger.

 

In the future, Raydium may offer cross-chain features or new trading tools.

 

 

SOLANA’S DEFI ECOSYSTEM: STRONG AND GROWING

 

These five projects — Jito, Kamino, Jupiter, Sanctum, and Raydium — play a big role in Solana’s DeFi growth. Together, they cover areas like MEV optimization, liquidity, trading, staking, and AMMs. Their combined TVL is over $11 billion, showing strong user trust.

 

Solana’s success is powered by its fast and cheap network, which is great for developers and users. The open and community-driven approach also adds to its strength. However, Solana still faces challenges like security, decentralization risks, and possible regulations.

 

Still, Solana’s DeFi space is full of innovation and potential. These five projects show how powerful the ecosystem is, and why Solana is one of the most exciting blockchains in the DeFi world today.

〈Top 5 DeFi Projects by TVL on Solana: The Engines of Its Growing Ecosystem〉這篇文章最早發佈於《CoinRank》。