Altcoins News

Story: Solana Dominates DeFi with $13B TVL and 63% DEX Volume Share

By Pankaj K

1 / 8

Solana has rapidly established itself as one of the dominant players in the decentralized finance (DeFi) ecosystem, reaching a total value locked (TVL) of $13 billion by March…

2 / 8

In a year marked by fluctuations in the broader cryptocurrency market, Solana has shown resilience and leadership in the DeFi sector.

3 / 8

Other blockchains like Arbitrum, Base, and Avalanche have struggled to keep pace, while Solana’s ecosystem continues to grow and thrive.

4 / 8

One of the standout achievements for Solana has been its continued dominance in DEX volume. As of March 2025, Solana commanded an impressive 63% of the total DEX volume across…

5 / 8

In March 2025, despite a cooler phase for the broader crypto market, Solana's DEX ecosystem posted over $100 billion in volume, surpassing any month before November 2024.

6 / 8

Solana's sustained performance is increasingly looking less like a short-lived hype cycle and more like a new baseline for its growth.

7 / 8

The Relative Strength Index (RSI) is currently at 66, indicating that while the altcoin is experiencing healthy bullish momentum, it has not yet entered overbought territory.

8 / 8

Solana's remarkable performance in DeFi, with $13 billion in TVL and a commanding lead in DEX volume, underscores its growing dominance in the Web3 ecosystem.

The Currency Analytics

Want the full story?