- Solana secured $13B in TVL and has been dominating DEX volume, reinforcing DeFi leadership in 2025
- Despite the market’s cooldown, SOL climbed steadily with strong technicals and surging ecosystem activity
While the rest of the crypto world has been catching its breath, Solana [SOL] may be busy establishing itself as the top dog.
With billions locked in DeFi and over $100 billion in DEX volume recently, it’s clear Solana is becoming crypto’s financial backbone. Even in slower market conditions, Solana continues to outpace the competition. And, judging by the latest numbers, it may be only getting started.
Solana’s DeFi grip remains unshaken
Even as market tides shift, Solana’s DeFi dominance remains impossible to ignore. By March 2025, Solana secured $13 billion in total value locked (TVL) – A steep lead over other high-performance blockchains.
Source: Syndica
While the broader DeFi space saw contractions from its December 2024 peak ($20B), Solana’s has been holding steady despite volatility.
Chains like Arbitrum, Base, and Avalanche continue to lag far behind, reinforcing Solana’s position as the go-to platform for DeFi builders and users.
Owning the DEX game by a mile
Source: Syndica
As of March 2025, it commanded 63% of the total DEX volume across major high-performance blockchains – Miles ahead of the competition.
Sure, it’s a step down from the December 2024 high of 79%, but the bigger story is clear – No other chain is even close.
Is it the chain to watch?
Source: Syndica
March 2025 marked a cooler phase for crypto, but Solana’s DEX ecosystem still posted $100 billion in volume. This was a level higher than any month before November 2024. While the broader market wrestled with memecoin fatigue and weakening sentiment, Solana proved its staying power.
Perhaps, strength isn’t just hype-driven anymore. Instead, it’s becoming cyclical.
Solana’s price outlook
After a choppy March, SOL began April with a steady uptrend, with the altcoin trading at around $153 at press time – A strong recovery from its March lows.
The RSI sat close to 66, indicating healthy bullish momentum without entering overbought territory. Meanwhile, a bullish MACD crossover further supported the upward bias.
Source: TradingView
With all its DEX strength, Solana’s sustained price recovery revealed that its present momentum is less of a hype cycle. Instead, it’s more like a new baseline.
