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A greater TVL indicates an increasing confidence between users and developers.
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Solana exceeded its January record, at that time driven by Trump’s launch.
Solana marked a new milestone by first exceeding 12.5 billion dollars in total locked value (TVL), a key indicator that reflects the confidence of users and developers in this ecosystem.
At the time of the publication of this article, The Solana TVL is 12,531 million dollarsas observed in the following defillion graph:
The TVL represents the sum of the assets blocked throughout the network through intelligent contractseither to provide liquidity in decentralized exchanges (DEX), participate in loan protocols or perform staking.
In this way, Solana left behind the January 2025 record, when its TVL reached 11,751 million dollars. At that time, the impulse of the metric was marked by the launch of Official Trump (Trump), the official memecoin of the president of the United States.
Now the impulse comes mainly from the Dex Jupiter, which has launched the public beta of its new loan platform, Jupiter Lend. In just two weeks since its launch, it has already accumulated more than 600 million dollars in TVL, which raised the total Jupiter to 3,380 million dollars and consolidated its leadership in the Defi ranking in Solana.
Another factor that is promoting the Solana TVL is the performance of its native cryptocurrency, since circulating suns on the network are also part of the TVL.
At the moment, Sun price is $ 227, a price level not seen since February 2025as observed in the graph provided by TrainingView:

One of the reasons behind this sun rise is The growing institutional fever for the assetas Cryptonoticia reported. A sample of this is that 13 companies that are quoted in the stock market have accumulated 8.9 million sun, a volume that grew 7% in the last month.