Kamino sets up a wave of interest in investors while Solana Defi is backing up. The protocol kmno token increased 77.6% in the last month, climbing $ 0.079 with a market capitalization of $ 108 million.
The daily volume has exploded beyond $ 130 million, while the total value of Kamino locked climbed $ 2.216 billion, making it one of the largest protocols distributed through Solana.
Revenues from the annualized costs of the protocol reached $ 92.71 million, driven by high strategies for using and optimizing yields.
Kamino's growth takes place while Solana's Dex activity exceeds that of Ethereum, with daily volumes greater than 2.5 billion dollars. Whale activity, speculation on memes play and institutional intention flows create a rising tide for all the main native applications.
Solend has also experienced a traction renewal. The native token of the protocol, recently renamed from SLND to Save, has climbed more than 47% in the past two weeks and is traded at $ 0.355. Its TVL is 208 million dollars, showing the capital that regularly dates back to the loan markets.
Although its growth trajectory has been more moderate than that of Kamino, the change of Solend brand and the updated contractual infrastructure attracts new attention from users who run in high -efficiency primitive.
With the 7B + DEFI TVL of 7B + of Solana and the activity of increasing address, even names established as Solend see a new advantage.
The dynamics of Solana's ecosystem feeds the two protocols
Solana herself is the catalyst. The chain dominated the volumes of Dex for weeks, even draws billions of daily trades, and protocols like Kamino, Jito and Solend quickly stack the value.
The institutional tail winds also play a role – Sol Strategies recently announced a convertible rating plan of $ 500 million to extend exposure and soil validator operations.
Retail and whales run in native Solana applications. Kamino and Solend are clear beneficiaries, reflecting a broader trend where the Blockchain DEFI landscape is no longer recovered, but it leads.
With KMNO and Save Gaining Traction and TVLS Rising, the next phase of the floor cycle can already be in progress.
Read more: Gork: the new same that jumped 80% after Elon Musk changes the name and the profile photo
