The newest milestone that Solana reached in July 2025 is an increasing $ 17.50 billion in terms of total value locked (TVL). The Upsurge confirms Solana as a top contract blockchain and decentralized financial destination (Defi), helped by strong activity in deporting, borrowing, decentralized exchanges (DEXS) and yield tactics.
Top 10 #tvl on #solana
$ Jto $ kmno $ jup $ cloud $ ray $ mNDE $ drift #meteora $ orca $ frag pic.twitter.com/fhsdlvrar6– Phoenix – Crypto News & Analytics (@PNXGRP) 7 July 2025
Jito and Kamino lead the peloton with more than $ 5 billion in combined TVL
The Jito (JTO) deportation protocol has an extra large TVL of $ 2.72 billion, which represents 17.94 percent of the Solana network. The second behind them is Kamino (KMNO), a decentralized credit platform, with a TVL or 16.03% of the total, worth $ 2.43 billion. These two projects amount to a combined value of 5.15 billion with user confidence for setting and borrowing on Solana.
Jup and Cloud show strength in decentralized trade and yield
Decentralized Exchange Jupiter (Jup) continues to rise by a total value of $ 2.39 billion locked (TVL), with an interest of 15.77 percent in the total. Cloud has a TVL of $ 1.87 billion that shows the increased popularity of the combined Defi approach to trade and generating passive income.
Raydium and Drift are expanding Solana’s Defi and strike scope
Raydium (Ray) continues to dominate Solana Dexs with $ 1.77 billion TVL. It is a gateway to the application of liquidity to the Solana Ecosystem. A significant part is also in the hands of Marinade Finance (mNDE), with a TVL of 1.69 billion or 11.15 percent. In the meantime, Drift, the platform that offers both DEX and the strike options, has collected TVL up to $ 940.02 million, consisting of 6.20% of the entire Solana TVL. This is an indication of the increased need for hybrid Defi tools
Meteora, Orca and Frag complete the top 10
Meteora, a Dex/Yield aggregator, has a TVL of 757.73 million, or 5.00 percent of the locked assets. With its dynamic liquidity supply, Meteora attracts users who need efficiency with regard to capital use. One of the first DEXs on Solana is Orca, which now has a locked value of $ 360.17 million (2.38%). Finally, the last place in the top ten is occupied by the protocol called Frag, which is a repeated protocol, and it has a sum of $ 300.88 million, which is 1.98% of TVL.
Defi Future looks promising
This TVL mijlpaal of $ 17.5 billion enables someone to witness a flourishing ecosystem that continues to expand to many simple token trade. The largest Defi networks from Solana, including cross-functional platforms Jito, Jupiter and Kamino, look stable and ready to expand in the future. The ecosystem can easily surpass the $ 20 billion asset threshold before the year 2025 with more users and developers who come to Solana due to faster verification time, low costs and composite protocols.
