Kamino Lend Dominates Tokenized Stock Lending on Solana with 82.6% Market Share

Kamino Lend, a key part of Kamino Finance on Solana, has established itself as the dominant force in tokenized stock lending on the network, controlling an impressive 82.6% market share.

As of late July 2026, this translates to over $31 million in collateral, out of a total $53 million managed by Kamino Lend.

This growth can be attributed to its integration of xStocks in 2025, which allowed users to borrow stablecoins without selling their stocks, tokenized equities like SPYx and AAPLx being part of this offering.

While tokenized stocks represent a relatively small fraction of Kamino's total deposits, with most activity focused on traditional crypto assets, the rise of tokenized stock lending offers a novel way for equity investors to gain liquidity without taxable sales.