Despite challenges related to network performance degradation, Solana's fundamentals improved in the first quarter.
Despite challenges related to network performance degradation, Solana’s fundamentals improved in the first quarter.
Liquid staking derivatives continued supporting the Solana ecosystem, with Marinade Finance, Lido, Jito, and JPool growing their TVL by 100% or more during the quarter. These four LSDs also managed to make it into the top 20 by TVL.Other protocols, such as Orca, Raydium, and Solend, grew their TVL massively alongside the wider market rebound.
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