Jupiter Lend overtakes Kamino as Solana’s largest lending protocol

Solana has a new lending leader. Jupiter Lend has passed Kamino Lend to become the network’s largest lending protocol, based on DefiLlama data and announcements from Jupiter Earn as of October 6, 2026. A post on X put Jupiter Lend at $2.6 billion in deposits and $1.08 billion in loans. For a product that launched publicly in August 2025, that is a fast climb past the protocol that used to own the category. The numbers behind the handoff Jupiter reported a total market size of more than $2.5 billion. On DefiLlama’s Total Value Locked metric, it showed approximately $1.411 billion, with active loans of around $1.043 billion. Kamino came in at about $1.403 billion in TVL and around $1.007 billion in loans. Jupiter’s TVL rose 28.1% over the 30 days leading up to October 6. Kamino grew 5.7% over the same stretch. Most of Jupiter’s gain came from stablecoin deposits. Kamino still leads on the metric that pays the bills. It generated approximately $4.82 million in fees over 30 days, compared with Jupiter’s $3.77 million. How Jupiter got here Jupiter’s main advantage is distribution. Jupiter Exchange is a large trading hub on Solana, and Lend sits inside that ecosystem. Users can trade and...