DeFi TVL Trends Watch: MakerDAO Endgame Meets Solana Record Highs

Summary

• MakerDAO community approved the Maker Constitution with 76 percent support to advance the Endgame roadmap
• Solana DeFi TVL reached a record high of 80.34M SOL in May 2025
• Tokenized RWAs are projected to grow from 35 billion dollars in 2025 to over 500 billion dollars by 2026

MakerDAO's community ratified the Maker Constitution in late March. The vote won 76 percent support and launched the Endgame roadmap. Solana DeFi TVL hit its record peak of 80.34M SOL at the same moment.

These moves signal a clear shift toward scaled multi-chain DeFi.

The pair of events brings mature governance together with fresh liquidity highs. Interest in tokenized real-world assets keeps climbing across chains.

Context

MakerDAO laid out its Endgame plan more than a year ago. The community passed the core roadmap last October. Formal ratification of the Maker Constitution followed this spring.

The vote now gives the protocol a clearer legal and operational framework.

Solana has expanded its DeFi stack through new apps and institutional pilots. Its TVL metric reflects both native activity and broader inflows. These events show governance and liquidity evolving in parallel on separate chains.

Details

The Maker Constitution vote passed with 76 percent backing from participating token holders. Blockworks and The Block reported the outcome as the project's first formal move into the Endgame phase. The document sets rules for future sub-DAOs and a new token structure that will separate governance from the core stablecoin.

Solana’s DeFi TVL reached its record on steady volume growth in lending and stablecoin markets. The 80.34M SOL figure, confirmed by on-chain data via Cointelegraph, marks the highest level to date. Observers note that some of the total may include bridged assets.

"Maker Constitution approved with 76% support."

, Attribution (Blockworks)

Projections from 21Shares add another layer. The firm expects tokenized RWAs to exceed 500 billion dollars by 2026. That figure rises from roughly 35 billion dollars in 2025. Growth like this would embed real-world assets deeper into DeFi protocols on Ethereum and Solana.

Social Highlight · @cointelegraph · Published 2025-05-01

UPDATE: Solana DeFi TVL reaches a record high of 80.34M $SOL, setting a new all time high. (link)

Outlook

Market participants will watch how quickly the ratified Maker Constitution turns into live sub-DAOs and token changes. They will track whether Solana sustains its new TVL level. They will also check if the projected RWA expansion shows up across chains.