Solana-based decentralized finance (DeFi) protocols have reached a new height as the total value locked of all assets on its blockchain is now $12.7 billion according to data from DeFi Llama.
Per Defi Llama, this new peak was reached earlier on October 21 before it reversed to around $12.34 billion. It was also revealed that the new peak beat the previous record of $12.2 billion which was set in September when the blockchain platform saw a rise in Defi use on its network.