February is coming to an end, let’s take a look at how Solend has done this month.

Solend’s TVL fluctuated throughout the month, ending up from where it started. Solend continues to be resilient despite a slump in the broader Solana DeFi ecosystem.

Solend is climbing the ranks, becoming the #11 largest lending protocol across all chains by TVL. Solend continues to be the #1 lending protocol on Solana.

Protocol revenue continues to grow, but since much of it is held in crypto assets, the value of fees collected is fluctuating.

SLND is roughly back to where it started at the beginning of last month.

In total there are 11,420 SLND holders, down from 11,507 at the end of January according to Solscan.

Here’s what happened:

Yours truly,Solend Team