The Solana DeFi Map

Chain DeFi Mapsintermediate7 min read

The top 20 protocols on Solana in one page. Jupiter, Kamino, Marginfi, Jito, Drift, Meteora, and where each fits.

Solana's DeFi ecosystem is now the second-largest by TVL and the largest by daily trades. The map is different from Ethereum's: fewer protocols, deeper integration, faster iteration.

DEX and aggregation

Jupiter. The default aggregator. Handles ~80% of Solana DEX volume via best-price routing across all sources.
Raydium. Constant-product AMM. Long-tail memecoin liquidity.
Orca. Concentrated liquidity (Whirlpools). Deep stable and blue-chip pools.
Meteora. Dynamic liquidity pools and DLMM (Dynamic Liquidity Market Maker), Solana's answer to Uniswap V3.

Perps

Drift. Cross-margin perps + spot + borrow, orderbook-like UX.
Jupiter Perps. LP-backed perp using JLP as liquidity.
Zeta. Options + perps.

Lending

Kamino Lend. The largest lending market on Solana. eMode-style efficient stables and LSTs.
Marginfi. Alternative money market with global cross-margin risk.
Save (formerly Solend). Isolated markets, veteran lender.

Yield / vaults

Kamino Vaults. Automated LP strategies for Orca / Raydium.
Jito. Liquid staking (JitoSOL) + MEV-boost auctions for validators.
Meteora Vaults. Dynamic vaults across Meteora pools.

LSTs

JitoSOL. Largest LST by TVL, adds MEV rewards on top of validator yield.
Marinade mSOL. Original Solana LST.
bSOL (BlazeStake), jupSOL, INF, hSOL. Sanctum-based multi-LST layer.

Stablecoins native to Solana

USDC (Circle native).
PYUSD (PayPal, native since Q3 2024).
USDe / sUSDe from Ethena via Solana.

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