Solana (SOL) registered a new all -time of $ 12.11 billion in the total value (TVL) on 9 September and surpasses its earlier record of almost $ 12 billion on January 23.
According to Defillama factsThe milestone represents an increase of 15% in the last 30 days, powered by broad growth over the largest Defi protocols of the ecosystem.
Seven of the eight protocols with more than $ 1 billion in TVL achieved monthly profit with double digits, with only kamino uptake modest growth of 3%.
Jupiter leads the Defi landscape of Solana with $ 3.3 billion in TVL, followed by Jito for $ 3.2 billion and Kamino for $ 3.1 billion. Sanctum has $ 2,894 billion, while the liquid insurance supplied by Binance recommends $ 2.5 billion.
The remaining protocols above the $ 1 billion threshold include Raydium at $ 2.4 billion, marinade for $ 2.2 billion and drift to $ 1.3 billion. All showed a strong momentum with monthly profits ranging from 12.2% to 33.6%.
The SOLANA recovery positions under the best blockchain ecosystems due to locked value, especially under Ethereum Layer-2 (L2) block chains. Basic is the largest Ethereum L2, with $ 4.8 billion in TVL, which is less than half of the Solana size.
Institutional interest probably driver
Corporate Treasury adoption and regulatory clarity stimulate renewed institutional interest in Solana.
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Forward Industries officially announced its investment of $ 1.6 billion in SOL as part of a strategic diversification of the treasury. The insured private placement obligations in cash and stablecoins from Multicoin Capital, Galaxy Digital and Jump Crypto.
In addition, Sol strategies started acting on Nasdaq on Nasdaq on 9 September, after obtaining approval on 5 September. The investment firm only wants to concentrate on opportunities for Solana ecosystem and to offer immediate exposure to the growth of the blockchain.
In addition, large US institutions in the US want to launch bound-and-and-and-enable crypto exchange funds (ETFs) bound in the US. In May 2025, Canary presented a Solana ETF, powered by liquid in collaboration with Marinade.
Since then, the US Securities and Exchange Commission (SEC) has issued a statement on 5 August stating that liquid to liquid are not standard effects but receipts. The move is the last regulatory obstacle before the approval of deploying ETFs.
On August 22, Vaneck and Jito served an ETF supported by Jitosol. The product is the first in the US to be fully supported by a liquid -using token.
