The latest update from Phoenix Group reveals the top ten Solana-based projects based on Total Value Locked (TVL), highlighting the network's growth in the decentralized finance (DeFi) sector. The list includes projects such as $JTO, $KMNO, $JUP, and others. $JTO, a staking platform, leads the list with a TVL of $2.20B, followed by $KMNO, a lending services provider, with a TVL of $1.57B. $JUP, a derivatives project, holds the third position with a TVL of $1.55B. The list showcases the expanding span of Solana across diverse DeFi sections.



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