Market Share

Jupiter Lend's Rise to the Top

Jupiter Lend has taken the lead as Solana's largest lending protocol, with a total market size of over $2.5 billion. This is a significant increase from Kamino Lend, which had previously held the top spot.

Key Statistics

Jupiter Lend reported $2.6 billion in deposits and $1.08 billion in loans. Kamino Lend, on the other hand, had approximately $1.403 billion in TVL and around $1.007 billion in loans.

Comparison

Jupiter Lend's TVL rose 28.1% over the past 30 days, while Kamino's TVL grew 5.7% during the same period. This indicates that Jupiter Lend is experiencing faster growth than Kamino.

Fees and Revenue

Kamino Lend still generates more revenue than Jupiter Lend, with approximately $4.82 million in fees over the past 30 days. However, Jupiter Lend's loans of around $1.043 billion already edge past Kamino's figure.

Conclusion

For now, the scoreboard reads Jupiter by a nose on TVL, while Kamino leads on revenue. However, it's worth noting that Jupiter Lend's distribution advantage and Smart Collateral and Smart Debt features may contribute to its growth in the long run.