Sanctum, a liquid staking protocol on Solana, has overtaken Jupiter Exchange to become the top-ranked protocol in the ecosystem by total value locked. The platform reached an all-time high of 16.64 million SOL in Q2 2026, an 8.2% increase from the prior quarter, translating to approximately $1.28 billion. By late August, Sanctum’s TVL had climbed to roughly $1.66 billion, surpassing Jupiter which held $1.34 billion in June 2026. The protocol now captures about 2.72% of circulating SOL, up from 2.02% a year ago. Despite this growth, its revenue declined 39.7% in Q2 2026 to $880,000.
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