The total value locked (TVL) of all DeFi projects built on the Solana network has reached a new high of $12.7 billion, according to data aggregator DeFiLlama. There are now six DeFi protocols, each with a TVL of more than $1 billion. With Solana hosting 568 projects during its most recent hackathon, many believe the next batch of DeFi unicorns will arrive soon.