Sanctum, a liquid staking protocol in the Solana ecosystem, posted a 10% increase in total value locked over the past month, the fastest growth rate among Solana’s five largest protocols, according to Techub, citing CryptoBriefing. The protocol now ranks second in Solana by TVL and accounts for more than 20% of the network’s total DeFi TVL. Data cited in the report links the increase to rising demand for liquid staking tokens, or LSTs, across the Solana ecosystem. The market is also watching how upcoming Solana network upgrades such as Alpenglow, along with broader macro factors, may affect DeFi activity. The report said Sanctum’s TVL moves may offer a read on how much capital is staying on-chain.
Sanctum, a liquid staking protocol on Solana, recorded a 10% increase in total value locked over the past month, the fastest growth among Solana’s top five protocols, according to Techub, citing CryptoBriefing.
The protocol currently ranks second in the Solana ecosystem by TVL and accounts for more than 20% of total DeFi TVL on the network. The reported increase was tied to rising demand for liquid staking tokens, or LSTs, in the Solana ecosystem.
The market is also watching Solana network upgrades, including Alpenglow, and broader macro factors for their effect on DeFi activity. The report said changes in Sanctum’s TVL may reflect how much capital is being retained on-chain.
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