# Tokenpad Roundup 35 | Solana ATH and DeFi, Fat Wallet Thesis, Morpho Transferable

**Published by:** [Tokenpad](https://paragraph.com/@tokenpad/)
**Published on:** 2024-11-22
**URL:** https://paragraph.com/@tokenpad/tokenpad-roundup-35-or-solana-ath-and-defi%2C-fat-wallet-thesis%2C-morpho-transferable

## Content

This post is part of our newsletter, subscribe here on Paragraph, or through our app. On today's issue:Solana ATH and DeFiFat Wallet ThesisMorpho transferableThis issue is brought to you by Tokenpad: Tokenpad generates an earnings report for each asset you hold, across your crypto wallets. The app is now live on the App store and Google Play store.Solana ATH and DeFiThis week, the Blockworks research newsletter showed a chart for the two leading DeFi protocols on Solana, Raydium and Kamino. Both Nearing ATHs in TVL, Raydium at 2.6B, and Kamino at 2.4B. 80% of the growth comes from the Solana price itself, but the remaining is from stables and memes, which signals real growth in the ecosystem. Solana is now at $263.Read MoreFat Wallet ThesisOver the past couple of years, the share of onchain volume from DEX front-ends has decreased, as other types of products overtake the way users interact onchain. Mostly wallet swaps, aggregators (1inch), solvers (CowSwap), and TG bots! This creates the "Fat Wallet Thesis", where all platforms want to create the best wallet to own the relationship with the end users, and monetize from sweet transaction fees. It's amazing to see how wallets like Metamask are able to generate fees so easily with such a bad legacy product, based on brand mostly.Morpho now transferableMorpho is a leading lending protocol, and has over 2B in TVL, which has grown steadily over this year. The DAO voted to make MORPHO tokens transferable, and freely tradeable. It started trading above $1.2, and now it's at $0.9, representing a 900M FDV. Read MoreDid you like the roundup? Share it with a friendAlso, make sure to use Tokenpad's mobile app to track all your accounts, both on centralized exchanges, and decentralized wallets, for free.Want to help us build our product?Join our Telegram, and let us know your wild ideas on how to become the best portfolio tracker out there Disclosure: All content published is for informational purposes only, and does not constitute any sort of financial advice.

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