Sanctum Surpasses Jupiter as Solana's Largest Protocol by TVL

Sanctum has quietly surpassed Jupiter to become Solana's largest protocol by TVL, yet its token market cap remains at just $32 million.

This discrepancy is due in part to Sanctum's innovative business model, which allows companies to issue branded liquid staking tokens without the need for millions of dollars in liquidity.

Sanctum connects over 200 LSTs to a shared liquidity network, enabling instant liquidity and reducing the burden on issuers. This has attracted significant revenue, with monthly SOL earnings trending upward since early 2025, reaching a gross margin of 55% in August.

The protocol's team is working on several exciting announcements, including burning 25% of the token supply from the community reserve and renaming the token to SANC.