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Jupiter Lend overtakes Kamino as Solana’s largest lending protocol

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SolanaDeFi

Jupiter Lend moved ahead of Kamino in Solana lending, with one report putting Jupiter Lend’s deposits above $2.6 billion and Kamino’s at $2.57 billion. Another report said Jupiter Lend became the network’s largest lending protocol, while a separate one linked the move with JUP rising about 15% toward $0.38.

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Key claims & sources

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Jupiter Lend became Solana’s largest lending protocol.
Jupiter Lend overtakes Kamino as Solana’s largest lending protocol
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JUP climbed about 15% and moved toward $0.38 as Jupiter Lend flipped Kamino.
Jupiter Price Jumps 15% as JUP Lend Flips Kamino: Is a Bigger Rally Brewing?
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Jupiter Lend moved ahead of Kamino in Solana lending, with Jupiter Lend holding more than $2.6 billion in deposits and Kamino at $2.57 billion.
Jupiter Surges Past Kamino to Take the Lead in Solana DeFi Lending
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Jupiter Lend also took the lead in total loans, and institutional vaults run by firms including Bitwise and Sentora became an important source of liquidity.
Jupiter Surges Past Kamino to Take the Lead in Solana DeFi Lending

What it means

Users and lenders on Solana now see Jupiter Lend at the top of the network’s lending market, with deposits above $2.6 billion and Kamino just behind at $2.57 billion. That also means institutional vaults from firms such as Bitwise and Sentora are part of the liquidity picture today, not just smaller retail activity.

In practice, the ranking in Solana lending has changed: Jupiter Lend is now described as the largest lending protocol on the network, and it is also ahead in total loans. What stays the same is that this is still a lending market on Solana, but the lead has shifted to a different protocol.

Market reaction i

SolanaSOL the event is about this asset
first headline
-0.6% 2 h before
-1.5% 4 h after
$117.60price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 7 10:50
+23 h 22 m
Oct 8 10:12
Coinpedia adds
Adds $1B; brings into the story: JUP
+1 d 7 h
Oct 8 18:19
Crypto Economy adds
Breaks the figures down; the largest, $2.6B
+1 d 15 h
Oct 9 02:00
AMBCrypto echo
No new facts: trending, enough, higher

Has this happened before?

WhenWhat happenedFigure
41 days ago Kamino Brings Sterling Lending Onchain With tGBP Market event 2 actors in common · 3 news media
42 days ago Kamino Opens GPU-loan-linked sUSDai Collateral Market on Solana event 2 actors in common · 2 news media
31 days ago Solana Debuts Institutional Settlement Standard With J.P. Morgan Input event 1 actors in common · 19 news media
31 days ago Solana’s Stocklana hackathon draws 604 submissions chasing $126K in prizes event 1 actors in common · 2 news media
32 days ago MKS PAMP’s Tokenized Gold DGLD Launches on Solana event 1 actors in common · 2 news media