SOL rose to the highest level since February, as DeFi liquidity increased
The post SOL rose to the highest level since February, as DeFi liquidity increased appeared on BitcoinEthereumNews.com.
Solana (SOL) traded above $215, its highest level since February, disconnecting from the drop in BTC. The Solana ecosystem is getting a boost from regular inflows, with a rise in DeFi activity. Solana (SOL) rose and retained its position above $200, trading at the highest level since February. SOL recovered as high as $215, despite the slide in BTC to a lower range. The price climb coincides with a general DeFi recovery for the Solana ecosystem. Solana DeFi expanded since the April slump, rising to $11.73B, the highest level since January. | Source: DeFi Llama Solana now holds $11.73B in total value locked, surpassing the peak from January 25. The main drivers for the network included perpetual futures trading, lending, and general DEX activity. For the past month, most of Solana’s protocols increased their value locked by over 15%, mostly based on the SOL price recovery, as well as stablecoin inflows. Solana’s projects also show heightened development activity in the past month, signaling the current expansion is not just a market fluke. Santiment data shows Solana’s most active apps include perpetual futures market Drift Protocol, the Wormhole bridge, the Pyth Network oracle service, and other similar DeFi infrastructure hubs. Recently, even Jupiter joined with its native lending service, launching with 40 vaults, as reported by Cryptopolitan. Solana boosts wrapped BTC reserves One of the sources of liquidity and collaterals on Solana are various forms of wrapped BTC. Kamino Lend holds over $300M in wrapped BTC, at around 10% of its value locked. Recently, Solana also added Lombard’s LBTC as a potential collateral. Lombard was one of the Bitcoin DeFi projects aiming to tap into idle BTC liquidity with a competitive yield. 🚨NEW: @Lombard_Finance launches $LBTC natively on @Solana, a yield-bearing SPL token backed by Bitcoin. pic.twitter.com/ihmiZh1NkE — SolanaFloor (@SolanaFloor) August…
Filed under: News - @ August 28, 2025 7:29 pm