Jupiter Lend Overtakes Kamino as Solana's Top DeFi Lending Venue
- —Jupiter Lend deposits reached $2.604 billion on October 6 versus Kamino's $2.578 billion
- —Outstanding loans: $1.07 billion for Jupiter versus $982 million for Kamino
- —Vaults managed by Bitwise and Sentora account for over $626 million of Jupiter deposits
- —Kamino depositors earned $4.2 million in interest in September versus $3.7 million for Jupiter
Why it matters: The leadership shift in Solana's lending market intensifies competition and highlights growing institutional capital flowing into the network's DeFi credit sector.
Source: Crypto Economy