Solana & Terra DeFi At ATHsAug 19, 2021
As the Ethereum community celebrates EIP-1559 and NFT seasons, the Terra & Solana ecosystems are flourishing behind the scenes with their DeFi TVL breaching & approaching all-time highs respectively.
This surge in TVL is likely contributed by a flourishing DeFi ecosystem with strong ecosystem asset price performance. In the Solana ecosystem, this TVL is primarily contributed by Mercurial Finance. In the Terra ecosystem, most of the growth in TVL came from Spectrum & Lido. Check out DefiLlama’s DeFi Dashboard if you’d like to dive deeper.