Solana’s $9.17 billion DeFi surge hides a stablecoin stockpile ready to ignite

Liquidity has poured into Solana protocols like Raydium and Kamino, lifting DeFi participation to multi-month highs.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Stablecoin-to-TVL ratio above 1.2 shows ample firepower for DeFi expansion once sentiment turns. Meanwhile, DEX volumes are outpacing perpetual swaps by more than 3 to 1, showing how users prefer to interact on-chain.