Jupiter overtakes Kamino as Solana's top lending protocol with $2.78B in deposits
- —Jupiter deposits total $2.78B and loans $1.12B; Kamino holds $2.17B and $855M
- —Utilization stands at 40.34% for Jupiter versus 39.31% for Kamino
- —Stablecoins: Jupiter has $1.33B in deposits and $907M in loans; Kamino $652M and $532M
- —Jupiter commands 53% of weekly lending deposits, Kamino 41%
Why it matters: The leadership shift shows Jupiter's superapp strategy challenging specialized lending protocols, while Kamino bets on embedding its infrastructure in wallets.
Source: SolanaFloor