Highlights from The State of @Solana by @MessariCrypto:
- Solana’s DeFi TVL increased 32.7% QoQ to $11.5 billion. Kamino grew 33.1% QoQ to maintain its lead in DeFi TVL at $2.8 billion.
- Stablecoin market cap on Solana grew 36.5% QoQ to an all-time high of $14.1 billion. USDC grew 39.6% QoQ to $10 billion while PYUSD grew 112.3% QoQ to $445.3 million.
- Forward Industries, led by Galaxy, Jump, and Multicoin Capital, raised $1.65 billion to raise the largest Solana DAT. Solana DATs hold 18.9 million SOL, worth $3.9 billion at the end of Q3.
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