Solana has become one of the most active blockchains in the decentralised finance (DeFi) space due to its high speed and low transaction costs. Its fast processing and scalable infrastructure make it ideal for hosting complex financial applications that require real-time execution. One of the main use cases is decentralised exchanges (DEXs) such as Serum and Raydium, which allow users to trade cryptocurrencies directly from their wallets without intermediaries. Solana’s low latency ensures that orders are executed quickly and efficiently.

Another major use case is lending and borrowing platforms like Solend and MarginFi. These platforms let users earn interest on their crypto assets or borrow funds without relying on traditional banks. The network’s stability supports high liquidity and smooth performance, even under heavy usage.

Solana is also widely used for yield farming and staking protocols, where investors can provide liquidity to pools and earn rewards in return. Additionally, synthetic asset platforms on Solana allow users to trade tokenised versions of real-world assets such as stocks and commodities.

Its stablecoin integrations further expand DeFi possibilities by enabling fast, low-cost payments and transfers. Overall, Solana’s efficiency, speed, and affordability have made it a leading choice for DeFi developers and users seeking scalable, user-friendly alternatives to congested networks like Ethereum.