Solana TVL has officially passed Arbitrum for the first time in the post-FTX era.
![image.png image.png](/_ipx/loading_lazy&f_webp&w_666/https://storage.googleapis.com/members-portal-bucket/uploads/2024/03/dd0e6cf4-image.png)
This is impressive not just because of the comeback, but because Solana utilizes their TVL much more efficiently than other chains as well. With <$1B DEX TVL, Solana has done ~4x Ethereum’s DEX volume and ~7x Arbitrum’s over the past week.
![image.png image.png](/_ipx/loading_lazy&f_webp&w_666/https://storage.googleapis.com/members-portal-bucket/uploads/2024/03/46895c5a-image.png)
With Circle’s CCTP coming in just over a week we should start to see more stables being minted on-chain as well. Stables on Solana sit at just $2.6B.
![image.png image.png](/_ipx/loading_lazy&f_webp&w_666/https://storage.googleapis.com/members-portal-bucket/uploads/2024/03/c8015e62-image.png)