Jupiter Lend, a new lending protocol from Solana<\/a>\u2019s leading decentralized exchange (DEX) aggregator Jupiter<\/a>, surpassed $500 million in total market size in less than just one day after its beta debut.<\/p>\n As of press time, Jupiter Lend is the second-largest lending platform on the network, trailing only Kamino Finance, which has $4.4 billion in total value locked (TVL), according to DefiLlama.<\/p>\n Developed in conjunction with Fluid, an EVM lending protocol, the protocol enables users to supply and borrow crypto assets with loan-to-value ratios of up to 95%.<\/p>\n And, like many other lending platforms, stablecoins are currently yielding the highest returns on Jupiter Lend, generating an average of around 13% APY, while Solana (SOL<\/a>) yields sit at roughly 2.78%. <\/p>\n Hours after the beta launch, Circle\u2019s USDC<\/a> stablecoin has become the most utilized asset, with $181 million supplied and $151 million borrowed, according to the protocol.<\/p>\n The platform\u2019s debut coincided with Solana\u2019s lending ecosystem hitting a new all-time high on Thursday, Aug. 28, with TVL across the network\u2019s lending protocols reaching $3.55 billion, roughly 10% above the previous peak in January.<\/p>\n However, Solana isn\u2019t the only network where lending activity is spiking. Ethereum<\/a>, Arbitrum<\/a>, and Base<\/a> are also experiencing record inflows of liquidity into lending protocols, although some, such as BNB Chain, TRON, Avalanche, and Aptos, still remain far below their record highs.<\/p>\n Overall, on-chain lending is booming.<\/p>\n According to Token Terminal data, more than $40 billion is now borrowed across platforms, with Aave<\/a> leading the sector with $28.3 billion in active loans, about two-thirds of the entire lending market. The space has grown more than 300% from around $12 billion a year ago, and Euler<\/a> has seen the highest growth in active loans by over 127,100% since August 2024.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The Solana-based lending protocol surpassed $500 million in its first day, pushing the lending market on Solana to a new all-time high. Jupiter Lend, a new lending protocol from Solana\u2019s leading decentralized exchange (DEX) aggregator Jupiter, surpassed $500 million in total market size in less than just one day after its beta debut. As of […]<\/p>\n","protected":false},"author":2,"featured_media":403538,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-403537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=403537"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403537\/revisions"}],"predecessor-version":[{"id":403539,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403537\/revisions\/403539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/403538"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=403537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=403537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=403537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}On-chain Lending Surges<\/h2>\n
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