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Solana's DeFi ecosystem continues to soar, with a new high of 8.9 million SOL locked in DeFi, and its monthly spot DEX volume doubling that of Ethereum's. Memecoin trading dominates 75% of spot DEX volume, while Jupiter Exchange Perps and Flash Trade set new records. Kamino Finance's outstanding borrows reach an all-time high of 5.1 million SOL, and UseLulo's directed liquidity reaches a new ATH of $37 million.
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