Kamino Lend Dominates Tokenized Stock Lending on Solana

Kamino Lend has become the dominant platform for tokenized stock lending on Solana, controlling 82.6% of all tokenized stock lending volume on the network.

The platform's dominance can be attributed to its integration with xStocks, a category of tokenized equities that represent on-chain versions of traditional stocks, which was added in July 2025.

xStocks have become the dominant standard for tokenized equities on Solana, commanding roughly 86.5% of the issuance share on the network.

The total value of tokenized-stock lending on Solana surged to an all-time high of $53 million in collateral by late July, with Kamino Lend managing over $31 million of that total.