Solana's DeFi Total Value Locked (TVL) increased to $5.7 billion in Q3, a 26% improvement from the previous quarter. Kamino, a crypto lending service, leads with $1.5 billion in TVL and 7% QoQ growth. Solana's market cap also improved by 23% to $3.8 billion, boosted by the integration of PayPal's PYUSD. Kamino Finance's impressive performance is attributed to the recent launch of Kamino Lend V2. Despite a 10% QoQ decline, Solana's DEX activity rebounded in October with an average daily volume of $1.7 billion. Raydium dominates the DEX market with a 51% share. PayPal's PYUSD and USDC contribute to Solana's stablecoins market.



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