Solana news: Solana DeFi Developments: Institutional Markets, Revenue Models, and UK Relevance
Institutional Adoption Expands on Solana
Jupiter, a leading Solana-based DeFi aggregator, has partnered with Bitwise to launch a $200 million institutional $USDe market on Jupiter Lend. This marks the first time a traditional asset manager has curated a market on the platform, signalling growing institutional interest in Solana's DeFi ecosystem.
Liquid Yield and Revenue Innovations
Sanctum, Solana's largest liquid yield layer, continues to maintain strong $SOL-denominated total value locked (TVL) and revenue, despite broader market declines. Meanwhile, Jito has introduced JTX, a new mechanism directing 80% of platform revenue to $JTO holders, reflecting a shift towards more community-driven value accrual models.
Onchain Trading and Cross-Chain Deployments
Coinbase has selected DFlow as its primary Solana onchain trading venue, with DFlow reportedly handling nearly 60% of daily trading flow. In a significant move, the Solana Foundation has lent $USDT on AAVE, marking its first cross-chain DeFi deployment and bringing $AAVE to Solana via Sunrise.
Enhanced Borrowing and AMM Performance
Loopscale has launched Loops 2.0, expanding instant borrowing across tokenised assets and improving execution with Jito's technology. Jump Crypto reports that Solana's PropAMMs outperform centralised exchanges (CEX) in 99.3% of retail swaps, with future plans to quote real-world assets and tokenised stocks.
Economic Activity and UK Relevance
Solana recorded $1.1 trillion in Q1 economic activity, reaching a new all-time high. Stablecoin adoption continues to bolster the onchain economy. For UK investors and developers, these advancements highlight Solana's growing role in global DeFi, offering new opportunities for institutional participation, innovative revenue models, and efficient trading infrastructure. The UK's active fintech sector and regulatory focus on digital assets make these developments particularly relevant for local market participants exploring DeFi solutions on Solana.
