Kamino Overtakes Jupiter to Become Solana’s Top DeFi Protocol by TVL

Kamino Finance, a prominent decentralized finance (DeFi) protocol on the Solana blockchain, has overtaken Jupiter to become the top protocol by total value locked (TVL) after climbing more than 11% over the last seven days.

Over the years, Jupiter has emerged as the go-to platform for token swaps on Solana. With the network’s high trading activity and strong user flow, Jupiter has consistently remained at the top.

The protocol has consistently made big moves. On February 2, 2026, the Solana-based decentralized exchange announced plans to bring Polymarket to the network for the first time in its history.

Moving Beyond Swaps and Spot Trading

This means the network is looking beyond just swaps and spot trading. The protocol is expanding into the prediction market, which has gained traction over the past year.

However, Kamino’s milestone shows that users are now looking beyond simple trading and a user-friendly interface. The protocol is prioritizing platforms that offer more advanced financial tools.

Notably, Kamino Finance primarily focuses on “balance sheet DeFi.” In other words, it provides services such as lending, borrowing, and earning yield in a more structured way. Instead of swapping tokens quickly, users can manage their assets more strategically by using leverage, earning interest, and optimizing returns over time.

Interestingly, Kamino flipping Jupiter in TVL suggests that liquidity is rotating. Liquidity refers to the amount of funds locked in a protocol. When it moves, it often signals a change in market trends.

Mixed Reactions From the Community

One significant aspect of this protocol is its growing use by institutional players to lend against real-world assets (RWAs) and staked tokens. The network also leverages Solana’s low fees and high speed.

Kamino flipping Jupiter is more than just a position change. This move reflects a broader evolution in the Solana ecosystem. Currently, the primary objective is shifting from simple swaps to smarter capital management.

Previously, much of the activity on Solana was driven by memecoins and fast trading. These trends depend heavily on hype and short-term interest. However, Kamino’s growth points to a more stable and utility-driven approach.

While some users are celebrating the win, others admit that they have long left the dethroned Jupiter.

“I stopped using Jup for a lot of shit after they lied and canceled Jupuary. I’m assuming I’m not the only one,” a user commented.

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