Solana’s lending markets have seen rapid growth as the network continues to expand its on-chain finance capabilities, according to a report by RedStone.
This report shows that Solana maintained 100% uptime over a period of 12 months. It also found out that the company delivered transactions in 400 milliseconds, at a cost median of $0.001, and had a daily peak volume for DEX exceeding $35,9 billion.
Inside Solana’s $3.6B Lending Market
TVL (total value locked) on Solana’s loan markets increased to $3.6 Billion in December 2025 from $2.7 Billion a Year Earlier. Solana’s money markets are highly competitive. Multiple protocols operate and the market leader changes rapidly.
Kamino Lend is one of the top platforms that reported $3.5B in TVL, after its May 2020 upgrade. This was achieved by implementing a Market Layer, and Vault Layer, which can be managed by curators. Jupiter Lend launched in August of 2025 reached over $1.65 Billion in TVL in a matter of months. Jupiter Lend offers isolated vaults that allow rehypothecation and high loan-to value ratios. It also has low liquidation fees. In the report, it was noted that TVLs for individual protocols can be higher than total network lending TVLs because of double counting when borrowing capital is transferred between protocols.
Meanwhile, Drift’s v3 upgrade combined derivatives trading with integrated lending functions, and achieved sub-400 millisecond execution for most market orders, while Loopscale operates an order-book lending platform with $124.9 million in TVL and $40 million in active loans.
SAVE (formerly Solend), and marginfi remained active, but with smaller market share.
RWA And Institutional Capital Targets Solana
In the next phase of Solana’s growth, tokenized real assets will be a key focus. The report states that several major companies have either launched or are in the process of launching a tokenized real-world asset. expanded tokenized products on the network, including Securitize, BlackRock’s BUIDL fund, VanEck’s VBILL, Apollo’s ACRED, Ondo, and Backed Finance.
Keel has already detailed a deployment plan of $2.5 billion for lending markets and stablecoins, as well tokenized real world assets. RedStone stated that Gauntlet, as curator and risk manager, manages over $140M across Kamino and Drift Vaults and strategies related to the CASH Vault, a stablecoin backed by fiat issued by Phantom, Bridge, and Stripe.
This report stated that these developments reflect an increasing participation from institutional players operating through structured allocations and tokenized assets products within the Solana Ecosystem.
This post is about Solana Lending TVL Soars to $3.6B as New Protocols Battle for Market Dominance The first time that appeared on CryptoPotato.
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