Sanctum marks 5 years as Solana's top TVL protocol, burns 25% of token supply
- —TVL rose to 18.8 million SOL from 16.8 million the previous quarter, a 12% gain
- —259 million tokens burned from the community reserve, supply cut from 1 billion to about 741 million
- —Protocol has been profitable since 2025; all four co-founders remain at the company
- —New swSOL product targets yield on roughly $2.2 billion of SOL stranded in wSOL
Why it matters: The supply cut and a new yield-bearing wrapped SOL could strengthen demand for SANC and pull more liquidity into Solana staking.
Source: Blockmedia