🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
KaRaDeNiZ, Sakura_3434, Anza01, asiftahsin, GateUser-d0654db3, milaluxury, Ryakpanda, 静.和, milaluxury, 币大亨1
💰 Each winner will receive $5 Points!
🎁 Rewards will be distributed within 14 working days. Please make sure to complete identity verification to be eligible.
📌 Event details: https://www.gate.com/post/status/11782130
🙏 Thank you all for your enthusiastic participation — more exciting events are on the way!
Saros and Pump.fun explode TVL on Solana, driving DeFi into a new acceleration cycle
The TVL of Saros has skyrocketed by 411% in the past 30 days, indicating a surge in DeFi activity on Solana. Research from the Journal of Financial Technology has previously shown that optimal yield strategies can help TVL increase by up to 300% when market liquidity is high — this suggests that Saros's innovative yield aggregation model could be a key driving factor.
At the same time, Pump.fun recorded a TVL increase of up to 472%, reflecting the memecoin frenzy that is enveloping the Solana ecosystem. However, the rapid increase has also raised concerns about sustainability, in the context of ecosystems that have a history of "rug-pull". The updated data on June 6, 2025, shows a clear acceleration trend compared to the 6 billion USD TVL at the beginning of 2024 for Solana.