Solana TVL jumps 320% when adding categories like staking, liquid staking, and borrowing. It’s not the only chain to make gains this way. So do Avax and Ethereum, but Solana gains 100% more than both, which is hella interesting.
Why? Composability. Protocols like Convex aren’t usualy cpubted towards TVL. Neither is staked GMX or CRV. Add composabilityall up and there is a lot going on with the chain that just pumped 15% in a day, this data thread argues:
What do you think? Should composable DeFi categories count toward TVL?
1 thought on “On DeFi Llama, how much TVL is missing from Solana? Should composability count? (Tweet thread + data report)”
I don’t get this, DeFi llama lets you count composable TVL if you prefer. The UI has options to include staking, borrows, liquid staking, vesting…
It’s up to the user to decide how to measure TVL