Solana

Jupiter

Jito

Higher

<ul>
 <li>Solana’s total value locked hits $12.531 billion, surpassing January’s $11.751 billion, per DeFiLlama, signaling deeper on-chain commitment today.</li>
 <li>Jupiter Lend’s public beta amasses $600 million in deposits within two weeks, lifting Jupiter’s TVL to $3.38 billion.</li>
</ul>
Solana set a new record in total value locked (TVL), crossing $12.5 billion for the first time. TVL measures the sum of assets committed to smart contracts across a network, including liquidity on decentralized exchanges, balances in lending protocols, and staked tokens. According to DeFiLlama, Solana’s TVL reached $12.531 billion, surpassing the previous high of $11.751 billion logged in January 2025.
<figure style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/Solanas-TVL-is-12.531-billion.png" alt="Solanas-TVL-is-12.531-billion" width="1088" height="365">
 <figcaption>
 Source: DeFiLlama
 </figcaption>
</figure>
Context matters. The earlier peak coincided with the launch of Official Trump (<a href="https://www.ethnews.com/trump-crypto-projects-in-crisis-leverage-liquidations-and-frozen-funds/" rel="noopener noreferrer nofollow">TRUMP</a>), a memecoin that briefly drew large flows. The current advance has different drivers. Jupiter, the leading Solana-based exchange, opened the public beta of its lending platform, Jupiter Lend. 
In roughly two weeks, the product gathered more than $600 million in deposits, lifting Jupiter’s combined TVL to about $3.38 billion and pushing Solana’s aggregate gauge to a new high.
SOL now trades near $227, a level last seen in February 2025. As SOL appreciates, the dollar value of deposits increases, since many pools and staking balances are denominated in SOL. 
<h2 id="span-style-font-weight-400-institutional-demand-is-part-of-that-price-backdrop-span">Institutional demand is part of that price backdrop</h2>
Public filings and trackers show at least 13 listed companies together hold about 8.9 million SOL, up roughly 7% over the past month.
For users, the headline number has practical meaning. Higher TVL can deepen liquidity, narrow spreads, and support more active markets. For builders, it signals capacity to support lending limits and collateral programs. However, TVL can fall if price rolls over or if incentives fade, so it is not a guarantee of durable activity.
In short, Solana’s TVL record reflects two forces moving in tandem: a new lending venue attracting <a href="https://www.ethnews.com/corporate-treasuries-turn-to-solana-as-holdings-reach-8-68-million-sol/" rel="noopener noreferrer nofollow">deposits and a stronger SOL price</a> lifting the dollar value of on-chain positions. The combination shows a network drawing capital with clear uses—trading, lending, and staking—while institutions continue to add exposure today.
<img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/SOLUSDT_2025-09-11_16-23-44.png" alt="SOLUSDT_2025-09-11_16-23-44" width="1825" height="880">
2025, Solana (SOL) is trading at $226.44, reflecting a 2.08% increase in the last 24 hours and an 11.82% rise over the past 7 days. The market capitalization now sits at approximately $122.8 billion, placing SOL in the 6th position by market cap, with a 24-hour trading volume of nearly $9.7 billion. The current circulating supply is around 540 million SOL, with the total supply exceeding 609 million.
<figure style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/Solana-Futures-Open-Interest-USD.png" alt="Solana-Futures-Open-Interest-USD" width="1885" height="588">
 <figcaption>
 Source: Coinglass
 </figcaption>
</figure>
In terms of recent market developments, futures open interest in Solana has reached a record high of $8.17 billion, showing a 300% increase since August 1. This figure suggests rising institutional and speculative interest. Solana’s price has surged nearly 30% over the past month, pushing it closer to its previous all-time high of $293.31, though it remains about 22.7% below that peak.
On the network level, activity has intensified. BITMining added 17,221 SOL to its treasury, bringing its total holdings to over 44,000 SOL, valued at nearly $10 million. In addition, HYPER introduced a Telegram-based CoinFlip game that uses Solana’s infrastructure for on-chain randomness and integrates DeFi liquidity pools for yield—expanding Solana’s presence in social gaming and decentralized finance.
Solana has also seen increasing interest from large firms. Forward Industries closed a $1.65 billion private placement, aimed at building a dedicated Solana treasury strategy. Meanwhile, the Solana validator network continues its diversification with clients like <a href="https://www.ethnews.com/jito-labs-backs-further-solana-scaling-after-memecoin-driven-congestion/" rel="noopener noreferrer nofollow">Jito Labs</a> and <a href="https://www.ethnews.com/hackathon-firedancer-and-visa-solana-strengthens-ecosystem-and-market-in-july-2025/" rel="noopener noreferrer nofollow">Firedancer</a>, which are helping to improve chain stability and reduce outage risk.
The post <a href="https://www.ethnews.com/solana-tvl-breaks-12-5b-as-jupiter-lend-adds-600m-in-deposits/" rel="noopener noreferrer nofollow">Solana TVL Breaks $12.5B as Jupiter Lend Adds $600M in Deposits</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Solana TVL Breaks $12.5B as Jupiter Lend Adds $600M in Deposits

Table of Contents

ETHNews

Other articles published on Sep 11, 2025

Join our free newsletter for daily crypto updates!