Sanctum surpasses Jupiter Exchange as top protocol on Solana by TVL

Sanctum, a liquid staking infrastructure protocol, has climbed past Jupiter Exchange to claim the top spot among Solana protocols ranked by total value locked. The shift marks a notable change in how capital is being deployed across the Solana ecosystem, with investors increasingly gravitating toward yield-bearing staking products over decentralized exchange aggregation. By the end of Q2 2026, Sanctum hit an all-time high of 16.64 million SOL in protocol TVL, an 8.2% jump from 15.44 million SOL the prior quarter. At current SOL prices, that translates to roughly $1.28 billion. And by late August, Sanctum’s Validator LSTs had climbed further to approximately $1.66 billion. The numbers behind the flip Jupiter held a TVL of around $1.34 billion in June 2026. Sanctum now captures about 2.72% of all circulating SOL, up from 2.02% a year ago. The protocol’s core innovation is its Infinity pool, a mechanism that provides shared liquidity across a sprawling landscape of liquid staking tokens. Sanctum has powered the creation of somewhere between 200 and over 1,000 LSTs for various partners. Instead of each LST operating in its own isolated pool with limited swap depth, Sanctum’s architectu...