Thor
Thor|Jan 29, 2025 09:30
Kamino Finance has gone pretty under the radar recently despite hitting a new all time high in both TVL and fees while also shipping new features like Kamino Swap. Just a year ago, Kamino TVL was sitting at around $225m and has since grown by more than 10x to 2.5b. @KaminoFinance has established itself as a DeFi powerhouse on Solana and has generated $93m in fees in the past year. In the past month, fees have grown to 13.8m, which is $166m annualized (10% higher than current KMNO market cap). As the fourth largest protocol by TVL on Solana, Kamino has further established dominance in several assets like PYUSD and recently cbBTC (88% of the 1183 cbBTC on Solana is deposited on Kamino). Data from @DefiLlama
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