Solana's total value locked (TVL) has reached $4.666 billion, with a bridged TVL surpassing $21 billion currently.

This amount is divided among numerous protocols, each playing a role in the expanding ecosystem in their unique ways.

The increase in TVL reflects a rising interest in lending activities on Solana. This shift towards lending signals a maturation in the DeFi sector on Solana, showcasing an evolved user base exploring asset leveraging for borrowing or earning interest.

This development differs significantly from the initial phases of DeFi, dominated primarily by decentralized exchanges (DEXs).

The distribution of TVL among Solana's protocols highlights a network that is progressively diversifying. While memecoins have gained traction on Solana, their impact on TVL and its distribution appears minimal.

Due to their fleeting nature and focus on DEX trading, memecoins contribute minimally to the stability or expansion of Solana's TVL.