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Meet Solana DeFi 3.0, 10 Potential Tracks to Watch in Solana This Year

Public Chain Solana DeFi is performing very well with over $4 billion in Total Locked Value (TVL) and daily DEX transaction volume.The Solana DeFi team is firing on all cylinders, led by quality DeFi 1.0 protocols such as Marinade, Phoenix, Jito, MarginFi, Kamino, BlazeStake, Solend, Jupiter, Meteora, Orca, Raydium, Lifinity, Sanctum, and Drift.The teams have weathered the FTX crash, built through the trough of the Bear Market, and are now in the midst of the harvest season.However, the performance of new teams entering the Solana DeFi ecosystem has been somewhat muted, in part due to a lack of new narratives and fewer teams focusing on Solana’s new Only Maybe (OPOS) mechanism.It’s time to focus on new DeFi ideas and encourage more teams to build in the DeFi space to drive economic activity in Solana.This article attempts to showcase the top 10 themes, each of which has relevant ideas worth exploring, and while we focus on Solana, some of these themes can be applied to other high-performance chains as well.

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2024-04-17

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