Solana‘s Total Ticket Locked (TVL) has surged above $10 billion following a technical upgrade implemented on July 23, 2025, which increased the network’s compute unit restrict per block by 20%, from Forty eight million to 60 million gadgets.

This adjustment, fragment of SIMD-0256, has contributed to improved transaction processing and reduced congestion, supporting a upward thrust in DeFi activity that pushed TVL to $12.26 billion as of writing, with a 2.60% amplify over the previous 24 hours, per DefiLlama.

Timeline of Solana’s TVL Exclaim

Solana’s TVL began its present climb in mid-July 2025, amid a broader recovery in cryptocurrency markets. By July 21, 2025, the TVL crossed the $10 billion note, aligning with a 7% everyday amplify within the SOL token’s market capitalization to about $104 billion. The next day, TVL reached between $10.3 billion and $10.forty five billion, as SOL traded above $200 for the predominant time in five months, posting weekly gains of 25%.

This growth has persevered, with TVL stabilizing above $10 billion. The surge represents a six-month high for Solana’s DeFi ecosystem, outpacing some of its competitors by approach of TVL growth. Key metrics consist of a 3.89% seven-day amplify in stablecoin market capitalization on Solana, reaching $11.667 billion, with USDC accounting for 70.98% of the full. Each day decentralized replace (DEX) quantity stood at $2.217 billion, whereas perpetual futures quantity reached $1.015 billion over the same 24-hour interval.

On-chain activity has additionally intensified, with 2.74 million stuffed with life addresses and 83.69 million transactions recorded within the final 24 hours. SOL’s note was $191.seventy 9, contributing to a market capitalization of $103.192 billion. These figures existing sustained user engagement, driven in fragment by increased speculation round Solana replace-traded fund (ETF) approvals, with odds estimated at over ninety 9%, alongside rising DeFi and non-fungible token (NFT) participation.

Little print of the July 23 Technical Enhance

The upgrade on July 23, 2025, enacted by technique of SIMD-0256, raised the compute unit (CU) restrict per block to 60 million. Compute gadgets measure the computational resources required for transactions on Solana, and this amplify addresses previous bottlenecks from high-inquire of activities, equivalent to memecoin procuring and selling surges earlier within the 365 days. The replace has increased common throughput to roughly 1,700 transactions per 2d (TPS), potentially lowering costs and alleviating network congestion.

Solana’s structure relies on a proof-of-history consensus mechanism blended with proof-of-stake, enabling high-trail processing. The CU adjustment permits extra complicated transactions per block, thereby bettering scalability for decentralized applications (dApps). Put up-upgrade, DEX quantity on Solana hit $1.4 trillion in July 2025, marking a 140% month-to-month amplify.

Extra proposals are under discussion, along with SIMD-0286, which would possibly possibly well extra amplify the CU restrict to 100 million by the discontinue of 2025, representing a 65% to 66% amplify from pre-upgrade stages. This would possibly possibly fabricate on Solana’s efforts to compete with networks cherish Ethereum, which no longer too prolonged within the past increased its fuel restrict to forty five million gadgets.

Connected ideas in blockchain scalability consist of sharding and layer-2 solutions, though Solana’s capability makes a speciality of single-layer optimization. As an instance, the network’s Turbine protocol for block propagation and Gulf Circulation for mempool management complement these CU enhancements, lowering latency and bettering records relay.

Broader Factors Influencing the TVL Surge

While the TVL surpassed $10 billion factual sooner than the July 23 upgrade, the technical changes maintain helped withhold momentum by bolstering network efficiency. Improved scalability attracts extra DeFi protocols and capital inflows, as seen within the ecosystem’s recovery from earlier 2025 market corrections.

Varied parts consist of institutional passion and protocol expansions. Solana’s DeFi TVL growth is tied to rising on-chain metrics, along with perpetual futures procuring and selling and stablecoin dominance. Ideas cherish tokenomics play a assignment, where SOL’s provide dynamics and staking rewards affect investor behavior.

Extra upgrades mentioned in present discussions consist of the Alpenglow protocol, which goals for transaction speeds with block finality of 100 to 150 milliseconds, to boot to enhanced records relay. Though cramped print are preliminary, it aligns with Solana’s fashion out low-latency environments. Firedancer, a 3rd-party validator consumer, and epoch upgrades make a contribution to broader scalability. Epochs in Solana talk over with mounted periods for staking and reward distribution, generally lasting about two days. These advancements would possibly possibly well toughen note projections, with some estimates placing SOL at $500 to $700 by 365 days-discontinue, per present traits.

In comparability, Ethereum’s fuel limits and layer-2 rollups tackle the same congestion points, but Solana’s monolithic manufacture prioritizes trail over modularity. This has positioned Solana as a hub for prime-frequency procuring and selling in DeFi, along with perpetuals and alternate options.

Conclusion

Solana’s TVL exceeding $10 billion demonstrates the network’s ability to tackle increased DeFi activity by technique of focused upgrades, equivalent to SIMD-0256, which expanded compute resources and throughput. Combined with tough on-chain metrics, equivalent to $2.217 billion in everyday DEX quantity and 1,700 TPS, the ecosystem reveals effective scalability for dApps and procuring and selling.

Ongoing proposals, equivalent to SIMD-0286, extra outline Solana’s technical roadmap, emphasizing true enhancements in block processing and resource allocation.

Continuously Asked Questions

What brought about Solana’s TVL to surpass $10 billion in July 2025?

Solana’s TVL crossed $10 billion on July 21, 2025, driven by a 7% everyday market cap amplify and SOL note gains above $200, with the July 23 upgrade reinforcing growth by technique of a 20% compute unit restrict amplify.

What’s SIMD-025, and how does it affect Solana?

SIMD-0256 is a Solana upgrade from July 23, 2025, that raised the compute unit restrict per block from Forty eight million to 60 million, bettering transaction throughput to 1,700 TPS and lowering congestion for DeFi users.

How has Solana’s on-chain activity changed since the upgrade?

Following the upgrade, Solana reported 2.74 million stuffed with life addresses, 83.69 million everyday transactions, $2.217 billion in DEX quantity, and $1.015 billion in perpetuals quantity as of July 28, 2025, indicating heightened DeFi engagement.

Sources:

DeFiLlama – Solana Chain Metrics: https://defillama.com/chain/solana
CoinDesk – Solana TVL and Enhance Evaluation: https://www.coindesk.com/markets/2025/07/24/solana-tvl-surges-past-10b-amid-upgrade
The Block – Solana Network Upgrades and DeFi Exclaim: https://www.theblock.co/post/307000/solana-upgrade-boosts-tvl-to-10b