Solana stablecoin lending rates rise as high as 8%, topping Ethereum

Annual stablecoin lending rates on Solana have reached 6.7% to 8%, above the 3% to 4.4% seen on Ethereum and Arbitrum, Crypto Briefing reported. Lending on Solana is being led by Kamino Lend and Jupiter Lend. The two protocols have total value locked of about $1.31 billion and $1.13 billion, respectively, bringing the combined size of Solana’s major lending protocols to more than $2.7 billion.