Solana’s decentralized finance (DeFi) ecosystem is on a roll, with its Total Value Locked (TVL) soaring past $9.5 billion. This marks a three-year high and the strongest recovery since late 2021, fueled by increased user activity, innovative protocols, and a rebounding market. Meanwhile, Pump.Fun, a key player in the Solana ecosystem, is back in the spotlight with significant transactions. Solana’s DeFi TVL has smashed past $9.5 billion, marking a 3-year high and its strongest resurgence since late 2021. This milestone is fueled by growing user activity, innovative protocols, and a recovering market. $SOL proving once again it’s a major force in DeFi, with… pic.twitter.com/WZoWGojF6E — Kyledoops (@kyledoops) January 8, 2025 Pump.Fun’s Selling Activity Pump.Fun, a project active for 11 months, has generated substantial fees from Solana transactions. Over this period, it has amassed 2.127 million SOL in transaction fees, equivalent to $414 million at current prices. Of this, 2 million SOL (worth approximately $389.95 million) has been sold either on-chain or transferred to Kraken, averaging a selling price of $195 per SOL. pump. fun 攒了 5 天的手续费就又开卖了：他们在 8 小时前将 9.8 万枚 SOL ($20.49M) 转进了 Kraken。 pump. fun 推出到现在 11 个月，总共获得了 212.7 万枚 SOL 的手续费收入。这其中 200 万枚 SOL ($389.95M) 已被在链上出售或转进 Kraken，出售综合均价约 $195。 https://t.co/KTkVXJJBGG … https://t.co/OKS7yArpIF pic.twitter.com/VmnuVAHSu0 — 余烬 (@EmberCN) January 8, 2025 In a recent move, Pump.Fun saved up five days’ worth of transaction fees before resuming sales. Eight hours ago, the project transferred 98,000 SOL, valued at $20.49 million, to Kraken. This activity has once again drawn attention to its role within Solana’s ecosystem. Solana’s DeFi Momentum Beyond Pump.Fun, Solana’s DeFi resurgence highlights the blockchain’s strength. TVL surpassing $9.5 billion is a testament to the growing adoption of Solana-based protocols and a recovering market. This milestone signals renewed interest from users and developers alike, reinforcing Solana’s position as a major force in DeFi. The combination of Pump.Fun’s activity and Solana’s surging DeFi metrics underscores the blockchain’s continued momentum. With adoption on the rise and innovative solutions driving growth, Solana is proving it remains a key player in the evolving DeFi landscape. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
