Solana’s lending markets have seen fast progress because the community continues to increase its on-chain finance capabilities, in line with a report by RedStone.
The report discovered that Solana has maintained 100% uptime for 12 months, delivered transaction finality in roughly 400 milliseconds at a median price of $0.001, and reached $35.9 billion in peak every day DEX quantity.
Inside Solana’s $3.6B Lending Market
Whole worth locked (TVL) in Solana’s lending markets reached $3.6 billion as of December 2025, up from $2.7 billion a yr earlier. Solana cash markets stay extremely aggressive, with a number of protocols working and market management shifting quickly.
Amongst main platforms, Kamino Lend reported $3.5 billion in TVL after its Might 2025 improve, introducing a Market Layer and curator-managed Vault Layer. Jupiter Lend, launched in August 2025, reached $1.65 billion in TVL inside months, providing remoted vaults with rehypothecation, excessive loan-to-value ratios, and low liquidation penalties. The report famous that particular person protocol TVLs can sum increased than the whole community lending TVL as a result of double-counting is eliminated when borrowed capital flows between protocols.
In the meantime, Drift’s v3 improve mixed derivatives buying and selling with built-in lending capabilities, and achieved sub-400 millisecond execution for many market orders, whereas Loopscale operates an order-book lending platform with $124.9 million in TVL and $40 million in energetic loans.
SAVE (previously Solend) and marginfi additionally remained energetic however held smaller market shares.
RWA And Institutional Capital Targets Solana
The subsequent wave of progress on Solana is centered on tokenized real-world property and institutional capital deployment. In line with the report, a number of main issuers have launched or expanded tokenized merchandise on the community, together with Securitize, BlackRock’s BUIDL fund, VanEck’s VBILL, Apollo’s ACRED, Ondo, and Backed Finance.
In the meantime, Keel, an on-chain capital allocator linked to Sky Protocol, has already outlined a deployment roadmap of as much as $2.5 billion throughout lending markets, stablecoin liquidity, and tokenized real-world property. RedStone famous that Gauntlet, which serves as a curator and danger supervisor, oversees greater than $140 million throughout Kamino and Drift vaults and manages methods linked to the CASH vault, a fiat-backed stablecoin issued by Phantom, Bridge, and Stripe.
The report mentioned these developments mirror rising involvement from institutional individuals working via curated vaults, structured allocations, and tokenized asset merchandise throughout the Solana ecosystem.
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