Jupiter Lend Reportedly Edges Ahead of Kamino in Deposits

Jupiter Lend reportedly moved ahead of Kamino in deposited assets on Solana, underscoring the close race among the network’s largest lending platforms.

A reported Oct. 6 snapshot put Jupiter Lend’s deposits at $2.604 billion, compared with $2.578 billion for Kamino.

A current data snapshot shows Kamino narrowly ahead in total value locked (TVL), with $1.403 billion versus $1.399 billion for Jupiter. Jupiter led in supplied assets, at $2.428 billion compared with Kamino’s $2.413 billion, and in active loans, at $1.029 billion versus $1.01 billion.

Solana lending protocols collectively held $3.039 billion in TVL in the same current snapshot, placing the two platforms at the center of the network’s lending activity.

Jupiter Lend launched in Aug. 2025 and reached $500 million in TVL within its first 24 hours. In May 2026, Jupiter announced a lending market curated by Bitwise Asset Management for assets associated with Ethena.

Institutional market curation has become another point of competition. Ethena seeded $200 million of USDG in a Kamino market curated by Sentora and another $200 million in a Jupiter Lend market curated by Bitwise.

Project 0’s integration with Jupiter Lend brought its Solana lending-market coverage to 98% of TVL across Jupiter, Kamino, Drift and other venues. The integration connects lending venues through a unified margin system.

“Jupiter is the second largest lending market on Solana, and its user base is deeply embedded in the ecosystem,” said MacBrennan Peet, Project 0 founder.

The ranking between Jupiter and Kamino changes depending on whether deposits, supplied assets, TVL or active loans are measured. The latest figures therefore show a close contest rather than a single undisputed leader.