Solana DeFi Ecosystem Surpasses $10 Billion in Total Value Locked
The Solana DeFi ecosystem has reached a significant milestone with over $10B in TVL.
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The Solana DeFi ecosystem has reached a significant milestone with over $10B in TVL.
The Solana DeFi ecosystem has reached a significant milestone with over $10 billion in total value locked, marking a 300% increase since the beginning of the year. New protocols and improved infrastructure drive this growth.
Cardano has released a major upgrade to its smart contract platform, introducing new features and tools designed to enhance the developer experience and expand functionality. The update aims to attract more developers to the ecosystem.
The third round of Polkadot parachain auctions has concluded, with five new projects securing slots on the network. The winning projects will now integrate with the Polkadot ecosystem, expanding its capabilities and use cases.
Avalanche's subnet technology is seeing increased adoption from enterprise users, with several major companies announcing plans to build custom blockchains on the platform. These partnerships highlight the growing enterprise interest in blockchain technology.
Polygon's zkEVM mainnet has experienced a surge in activity, with daily transactions increasing by 500% over the past month as more developers and users migrate to the scaling solution. The growth demonstrates the demand for Ethereum-compatible scaling solutions.
Chainlink has unveiled a new cross-chain interoperability protocol designed to enable seamless communication and asset transfers between different blockchain networks for DeFi applications. The protocol aims to solve fragmentation issues in the blockchain space.
Near Protocol has announced a $100 million ecosystem fund aimed at supporting startups building on its platform. The fund will focus on Web3 applications, infrastructure projects, and tools that enhance the Near ecosystem and user experience.
The Cosmos Hub community has voted to implement an interchain security model that will allow smaller blockchains to leverage the security of the main Cosmos Hub. This significant upgrade strengthens the entire Cosmos ecosystem by sharing security resources.
The Algorand Foundation has announced partnerships with several prestigious universities to establish blockchain research centers. These academic collaborations aim to advance blockchain technology through rigorous research and development initiatives.
Tezos has successfully implemented a protocol upgrade that significantly improves transaction throughput and reduces gas fees. The upgrade, which was approved through on-chain governance, makes the network more competitive with other smart contract platforms.