# Solana DeFi — X 热门讨论 (2026-10-08 13:30 UTC)
## @0xAltKing (The Altcoin KING) · 10-08 11:48 · ♥66 ↻0 💬32 ➥ Zcash just printed $38B in 30 day volume
@Zcash processed $38.1B in trading volume over the past 30 days, averaging roughly $1.27B per day.
That is a lot of liquidity for an asset still primarily viewed as a privacy coin.
[1] Volume was highly volatile
Daily volume peaked at $2.58B on September 17, alongside a sharp move in ZEC.
Over the period, zcash:native traded between roughly $1,080 and $1,653 before ending near $1,233.
Volume moved heavily with price, which points more toward speculation and positioning than sustained financial activity.
[2] Zcash doesn’t really have TVL
TVL normally measures assets deposited into smart contracts across lending markets, DEXs, collateral vaults, liquid staking and other applications.
Zcash is a UTXO based privacy focused L1 without a native smart contract ecosystem comparable to Ethereum or Solana.
So there isn’t a conventional DeFi TVL number to point to.
You can measure market cap, exchange volume, shielded pool balances, institutional holdings or wrapped supply, but they represent different things.
[3] Institutional AUM is a different capital signal
Zcash linked investment products have also attracted meaningful capital.
The ZCSH product reached roughly $977M in AUM by September 23, with cumulative net collections of about $306M since launch.
That shows demand for regulated ZEC exposure beyond spot trading.
But AUM and TVL shouldn’t be treated as the same metric.
A fund holds an asset for exposure.
TVL represents capital being used inside an onchain financial system.
[4] The missing piece is DeFi composability
For ZEC to become useful collateral across DeFi, it needs more than trading volume.
It needs deep spot liquidity, reliable pricing, liquid borrowing markets and risk systems that can handle its volatility and regulatory constraints.
It also needs a practical way to connect privacy focused assets with smart contract environments.
That stack is still relatively undeveloped.
The numbers tell the story:
→ $38.1B in 30 day volume → ~$1.27B average daily volume → $2.58B peak daily volume → ~$977M peak AUM in the cited period → No native DeFi TVL
Zcash has the liquidity.
What it doesn’t have yet is the financial infrastructure around that liquidity.
That is the gap between Zcash’s market activity and its actual use in DeFi. https://x.com/0xAltKing/status/2108162649481495009
## @AlphaInsiders (Alpha Insiders) · 10-08 08:52 · ♥54 ↻14 💬1 Your old wallets might be holding money you forgot about.
If you were active in airdrops, bridges, or DeFi, run through these:
1. Privy — wallets you created with social login https://t.co/ZA0kGuC0xy 2. Sablier — tokens still vesting or unclaimed airdrops https://t.co/MCaoSzyz1N 3. Streamflow — same idea, different chains https://t.co/zdZUXTtkdL 4. Perp Radar — leftover balances on perp DEXs https://t.co/eOyIsUrnVV 5. Stuck Funds — bridged assets that never landed https://t.co/WPClpj2xWG 6. Merkl — unclaimed DeFi rewards https://t.co/Ifu6Z9Rbe5 7. Jupiter Portfolio — Solana assets and airdrops https://t.co/6pQrfM8W1i 8. DeBank — EVM assets across chains https://t.co/vf748XjfDJ
You'd be surprised what's still sitting there. https://x.com/AlphaInsiders/status/2108118387217867192
## @ftosol (Fto) · 10-07 22:57 · ♥51 ↻2 💬9 JUST IN: @Loopscale & @orca_so are officially merging.🚨
Orca’s liquidity infrastructure and Loopscale’s onchain credit stack are coming together as @formation_so
A broader DeFi platform built around trading, lending, and capital markets on Solana.
Worth keeping an eye on. https://t.co/giGoi2OC7s > 引用 @solana: BREAKING: Two Solana DeFi teams are now one.
@orca_so and @Loopscale have combined as @formation_so.
Orca has been Solana's premier liquidity layer since 2021, with more than $500B traded.
Loopscale has facilitated more than $2B in loans since April 2025.
Together they put issuance, secondary markets and credit on one set of rails; permissioned for institutions, and permissionless for everyone else. https://x.com/ftosol/status/2107968491320168658