Solana now offers the highest yields for stablecoin lending, with rates ranging from 6.7% to 8%, compared to 3% to 4.4% on Ethereum and Arbitrum. Total lending on Solana has reached $2.7 billion, driven primarily by Kamino Lend ($1.31 billion in TVL) and Jupiter Lend ($1.13 billion in TVL). These elevated rates reflect strong borrowing demand, with the most in-demand pools showing 95% to 99% utilization. However, part of the yields depends on token rewards that may decrease or disappear as incentive programs evolve.
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