Solana Decentralized Finance全面rise Bitcoin Liquidity创新高 DEX volume激增

The decentralized finance sector of the Solana ecosystem is developing comprehensively, with growth trends in areas such as Bitcoin liquidity, decentralized exchange volume, liquid staking token adoption rates, and stablecoin innovation.

Since the beginning of this year, the number of Bitcoin on the Solana network has rapidly risen, currently reaching 7,300 coins (approximately $770 million), setting a new historical high. Multiple platforms have promoted the wrapping process of Bitcoin on Solana, including one large cryptocurrency exchange that introduced native WBTC support for the network in May.

It is worth noting that the SOL assets held by listed companies have tripled, and these companies now control 0.33% of the SOL supply. One company ranks first with a holding of 680,000 SOL.

At the same time, the total value locked (TVL) in liquid staking on Solana has reached a new high for three consecutive months. As more participants adopt liquid staking, the LST TVL on Solana reached 49 million SOL in May, accounting for 12.5% of all staked SOL.

The LST sector of Solana is showing a trend of diversification. In recent months, various new LSTs have significantly increased their market share. Although the market share of some existing LSTs has decreased, their LST TVL is still growing as the overall market expands.

In terms of decentralized exchanges (DEX), the Solana ecosystem has also achieved significant results. In the first five months of this year, the trading volume is expected to be on par with the total for last year. In May alone, the trading volume of Solana DEX reached 151 billion dollars. A monthly trading volume exceeding 100 billion dollars has become the new normal this year, a level that the network had never reached before November of last year.

Although the trading volume of perpetual contract trading decreased in May to about 26 billion USD, protocol innovation continues. Multiple platforms are developing new technologies to improve trading efficiency and reduce latency.

In the stablecoin space, USDC still dominates, although it has declined since January, it still holds 78% of the market share. However, the supply of stablecoins on Solana experienced a pullback in May, mainly due to an outflow of $1.8 billion USDC, which caused the total supply to drop from $12.5 billion to $10.7 billion. Nevertheless, the supply of other stablecoins has increased on a month-over-month basis.

It is worth mentioning that an emerging stablecoin trading platform has processed over $1 billion in stablecoin trading volume this year. The platform aims to address the issues of liquidity fragmentation and capital inefficiency in the stablecoin market. In May alone, the platform handled $154 million in stablecoin swap transactions.

Overall, Solana's DeFi ecosystem is showing a comprehensive rise, with strong development momentum in various aspects, from Bitcoin liquidity to DEX volume, from LST adoption to stablecoin innovation. These data reflect Solana's ongoing innovation and increasing user adoption in the decentralized finance sector.