Solana TVL hits new all-time high of $12.1B amid rising institutional interest

Core Insights - Solana (SOL) achieved a new all-time high of $12.11 billion in total value locked (TVL) on September 9, marking a 15% increase over the past 30 days, driven by growth across major DeFi protocols [1][2] Group 1: Total Value Locked (TVL) Performance - The increase in TVL positions Solana among the top blockchain ecosystems, especially compared to Ethereum layer-2 blockchains, with Base having $4.8 billion in TVL [4] - Jupiter leads Solana's DeFi landscape with $3.3 billion in TVL, followed by Jito at $3.2 billion and Kamino at $3.1 billion, with monthly gains ranging from 12.2% to 33.6% [3] Group 2: Institutional Interest and Investments - Renewed institutional interest in Solana is driven by corporate treasury adoption and regulatory clarity, highlighted by Forward Industries' $1.6 billion investment in SOL [5] - SOL Strategies began trading on Nasdaq, focusing on Solana ecosystem opportunities and providing institutional investors with exposure to the blockchain's growth [6] Group 3: Regulatory Developments - The SEC's statement on August 5 clarified that liquid staking tokens are not securities by default, facilitating the approval of staking-enabled ETFs [7] - VanEck and Jito filed for an ETF backed by JitoSOL, marking the first US product entirely backed by a liquid staking token [7]