# TVL Related Articles

HTX News Center provides the latest articles and in-depth analysis on "TVL", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

Jupiter Lend and Kamino, the two leading lending protocols on Solana, are embroiled in a public dispute over Jupiter’s “risk isolation” claims. The conflict began when Jupiter promoted its lending product as having isolated risk between pools, but critics—led by Kamino—argue Jupiter’s design actually allows cross-contamination through rehypothecation (reusing collateral across pools). Kamino’s co-founder publicly accused Jupiter of misleading users, prompting community backlash. Jupiter later deleted earlier promotional content and acknowledged the description was inaccurate. The debate centers on differing interpretations of “risk isolation,” with Jupiter defending its model as a balance between safety and capital efficiency. Multicoin Capital, a Kamino investor, escalated the situation by accusing Jupiter of incompetence or intentional deception. In response, the Solana Foundation urged both sides to collaborate rather than compete internally, highlighting the larger opportunity in expanding the DeFi lending market overall. The clash reflects growing tension as Jupiter Lend rapidly gains market share in a shrinking TVL environment, turning former allies into rivals in Solana’s competitive lending landscape.

Odaily星球日报Hace 2 días 05:09

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

Odaily星球日报Hace 2 días 05:09

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

Summary: Over the weekend, a public dispute erupted between Solana's two leading lending protocols, Jupiter Lend and Kamino, centered on the definition of "risk isolation." The conflict began when Kamino's co-founder, Marius Ciubotariu, accused Jupiter Lend of misleading users. He argued that Jupiter's early marketing claimed its lending pools were "risk-isolated," preventing cross-contamination between assets. However, Kamino contends that Jupiter Lend's design, which allows for the rehypothecation (re-use) of collateral across pools, creates a risk of contagion, contradicting its marketing. In response, Jupiter's COO, Kash Dhanda, admitted the initial "zero contagion risk" social media posts were inaccurate and apologized. The debate highlights a core disagreement on the definition of "risk isolation." Jupiter and its supporters argue the term has design flexibility, noting that while pools share a liquidity layer, each has independent parameters. Kamino and its allies insist that any rehypothecation negates true risk isolation. The dispute escalated when Tushar Jain, a partner at Kamino investor Multicoin Capital, strongly criticized Jupiter, accusing the team of being either incompetent or deliberately misleading. In contrast, Solana Foundation President Lily Liu urged for cooperation, emphasizing that the Solana lending market is much smaller than Ethereum's and that internal conflict only helps competitors. The clash is seen as an inevitable result of intense competition. Kamino was long the Solana lending leader, but Jupiter Lend has rapidly gained significant market share. In a tighter market with reduced liquidity and heightened safety concerns, the competition between the two protocols has become increasingly fierce.

marsbitHace 2 días 10:22

Solana's Two Leading Lending Protocols Clash, Foundation Steps In to Mediate

marsbitHace 2 días 10:22

Solana Lending Internal Conflict: The Power Struggle Behind Foundation Mediation

Over the weekend, a public dispute erupted between Solana's two leading lending protocols, Jupiter Lend and Kamino. The conflict originated from Jupiter's earlier marketing claims that its lending product featured "risk isolation," implying that different lending pools would not be exposed to cross-contagion in the event of an asset failure. However, after Jupiter Lend launched, the market observed that its design did not align with the conventional understanding of risk isolation. The protocol allows for the rehypothecation (re-use) of collateral across pools to improve capital efficiency, which critics argue creates potential channels for risk contagion. Kamino's co-founder, Marius Ciubotariu, publicly accused Jupiter of misleading users with false advertising and subsequently blocked a migration tool from Kamino to Jupiter Lend. The core of the debate lies in differing interpretations of "risk isolation." Jupiter and its supporters argue their model offers a balanced approach with independent pool configurations, while Kamino and its allies insist that any form of rehypothecation negates true risk isolation and constitutes a failure in disclosure. The dispute drew reactions from key ecosystem players. Multicoin Capital, an investor in Kamino, strongly criticized Jupiter, accusing the team of either incompetence or intentional deception. In contrast, the Solana Foundation President, Lily Liu, called for unity, urging the two projects to focus on growing the overall market share against competitors like Ethereum rather than engaging in internal conflict. The clash is seen as an inevitable result of intensifying competition in a shrinking market. Jupiter Lend has been rapidly capturing market share from the formerly dominant Kamino since its launch. In a tighter, post-market-crash environment where safety is a paramount concern, Kamino seized on a perceived vulnerability in Jupiter's product design to launch a competitive attack. The incident highlights the fierce battle for dominance in Solana's DeFi lending sector.

比推Ayer 16:55

Solana Lending Internal Conflict: The Power Struggle Behind Foundation Mediation

比推Ayer 16:55

Ethereum Network Fees Drop 62%: Is ETH Price at Risk?

Ethereum network fees have dropped 62% over the past 30 days, raising questions about potential risks to ETH’s price. Despite this decline, the network shows resilience through strong layer-2 growth and maintained price support levels. Key data from Nansen indicates a significant cooling in Ethereum base-layer activity, with fees falling more sharply than on competing chains like Solana. However, layer-2 solutions such as Base and Polygon have seen substantial transaction volume growth—108% and 81%, respectively—suggesting that Ethereum’s expanding ecosystem remains dynamic. Ethereum’s recent upgrade, Fusaka, may have contributed to lower fees by improving rollup efficiency. Meanwhile, ETH’s price rose over 11% amid softer U.S. employment data, though it remains 32% below its August peak. On-chain metrics show reduced activity in decentralized applications (DApps). DEX trading volume on Ethereum fell to $13.4 billion from $23.6 billion four weeks earlier, and DApp revenue hit a five-month low. Total value locked (TVL) in Ethereum DApps also declined, dropping from $100 billion to $76 billion over two months. Still, Ethereum maintains a dominant 68% market share among smart contract platforms. Perpetual futures funding rates held near 9%, reflecting balanced leverage market sentiment. Broader institutional and regulatory developments, including positive comments from former SEC commissioner Paul Atkins on blockchain adoption, may support longer-term confidence. In summary, while Ethereum’s base-layer demand has softened, strong layer-2 growth and ongoing ecosystem development suggest underlying strength. Current data does not indicate fundamental weakness in ETH’s market structure.

cointelegraph_中文Hace 7 hora(s)

Ethereum Network Fees Drop 62%: Is ETH Price at Risk?

cointelegraph_中文Hace 7 hora(s)

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