Solana Decentralized Finance全面rise BTCLiquidity创新高 DEXvolume破万亿美元

The DeFi ecosystem of Solana is experiencing a comprehensive rise, covering various aspects such as BTC liquidity, DEX volume, liquid staking token adoption, and stablecoin innovations.

Since the beginning of this year, the number of BTC on the Solana network has shown a rapid rise, reaching a historic high of 7,300 BTC (approximately $770 million). Several institutions have promoted the wrapping of BTC on Solana, and a well-known exchange also introduced native $WBTC support for the network in May.

The SOL assets held by listed companies have increased significantly, tripling compared to before. These enterprises currently control 0.33% of the total supply of SOL, with one company leading with a holding of 680,000 SOL.

A development team collaborated with another project to launch a new liquid staking Token, which has been integrated into a lending market and a multiplier vault.

The total locked value of Solana's liquid staking has reached a new high of ( TVL 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.

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The LST ecosystem of Solana is showing a trend of diversification. In recent months, the market share of various emerging LSTs has significantly increased. Although the market share of some existing LSTs has declined, their actual locked amount is still growing as the overall market expands.

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A simplified LST issuance platform has set a new TVL record, now accounting for 23% of the total LST TVL, which is 11 million SOL.

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The trading volume of Solana's decentralized exchange has set a new record. This year, the cumulative trading volume has exceeded 1 trillion USD, and in just the first five months of this year, the trading volume is expected to match last year's total. The trading volume in May rose to 151 billion USD. Monthly trading volumes exceeding 100 billion USD have become the new normal this year, a level that Solana DEX had never reached before last November.

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A major DEX aggregator has currently connected to 58 swap projects, with a year-on-year rise of 38%. With the new automated market maker )AMM( joining, the platform continues to maintain its pricing advantage by enhancing execution quality.

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Solana perpetual contract trading is gearing up for the next wave of rise. Despite the volume dropping to around $26 billion in May, protocol innovation continues, and some projects are developing new technologies for more efficient trade execution.

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In terms of Memecoin issuance platforms, although new competitors have recently entered the market, one major platform still maintains an 85% market share of daily asset issuance.

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USDC dominates the stablecoin market on Solana. Despite a decline since January, USDC still holds a 78% market share. Circle recently went public on the New York Stock Exchange, achieving a market capitalization of $30 billion, highlighting the growing confidence of institutional investors in stablecoins.

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The supply of Solana's stablecoin experienced a pullback in May. The outflow of $1.8 billion USDC resulted in a 15% decrease in supply, dropping from $12.5 billion to $10.7 billion. While the supply of USDC was affected, the supply of all other stablecoins, on the other hand, saw a month-on-month increase.

![Solana Decentralized Finance May Report: BTC holdings break 7300 coins, setting a new high, DEX trading volume continues to exceed 100 billion])https://img-cdn.gateio.im/webp-social/moments-0abbfeea82c5eaaad701bae3300c05ed.webp(

An emerging stablecoin AMM platform has processed over $1 billion in stablecoin transaction 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.

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