With the acceleration of lending, the value of Solana DeFi has grown by 50% in one month.

The total locked value of Solana has expanded, reflecting the growth of the lending industry and the influx of funds from other ecosystems. According to data from DeFi Llama, the locked value in DeFi has increased by more than 50% over the past 30 days.

The total locked value in Solana's DeFi sector currently reaches $9.44 billion, marking the highest level since February. Most of the increase reflects SOL's return above $170 after whale purchases and record DEX trading activity.

During the same period, the total locked value (TVL) of JitoSOL has risen by over 41%, reaching $3.15 billion. Kamino has become the second largest protocol, with an increase of over 33%, reaching $2.6 billion. Solana's ecosystem generally focuses more on generating its fees, but TVL remains an indicator of rising usage and market price increases.

Thus, the growth in DeFi value mainly reflects the internal valuation of Solana-based tokens (used as collateral). Higher value is reflected in DEX pools and in DeFi lending protocols like Kamino.

Kamino's lending TVL is nearing historical highs, exceeding $2.6 billion, reaching the highest level since January 20. The increase in activity on Kamino is reflected in a wallet named Kamino Reserve 3. This wallet reflects meme token deposits, which the protocol uses as a basis to lend stablecoins.

On-chain DEX trading has led to peak transaction fees for the Jupiter aggregator, generating $2.86 million daily. The transaction fees generated by the Pump.fun platform amount to $2.67 million. Overall, the Solana ecosystem has generated $2.9 billion in transaction fees over the past 12 months, more than $1 billion higher than all other major blockchains.