decentralized finance total value locked has surged by over 80% in the last month, according to data fromAt press time, the network’s DeFi TVL was $3.8 billion. Among the top five DeFi networks by TVL, it ranked as the blockchain with the highest growth over the past month.The surge in Solana’s TVL in the last month is attributable to the significant uptick in trading volume on the DeFi protocols housed on the Layer 1 network .
In fact, on the 15th of March, trading volume on Solana’s DeFi vertical rallied to a multi-year high of $3.7 billion. AMBCrypto’s assessment of the coin’s movements on a daily chart revealed a steady uptick in demand for SOL.
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