Bubble
Kamino KMNO
Kamino (KMNO) was trading at $0.0236, ranked #224 by market cap at $128.12M, with 24h volume of $4.19M.
Data snapshot: 2026-09-02 12:15 UTC.
Kamino is one of the largest DeFi protocols on Solana, combining lending with automated management of concentrated-liquidity positions so users are not left manually rebalancing ranges as prices move. It became a core piece of Solana's leverage stack, which also means its health is closely tied to how the chain's collateral markets behave in a sharp drawdown. Kamino is the main lending market on Solana and does something the pooled Ethereum lenders generally do not: it also manages concentrated-liquidity positions automatically, rebalancing ranges as prices move. That combination — lending plus active liquidity management in one place — reflects Solana's cheaper block space, where frequent rebalancing is economically viable in a way it is not on Ethereum. On this map KMNO's activity is tied to Solana's DeFi depth, which grew substantially as trading activity concentrated on that chain.
What does Kamino combine?
Lending markets with automated management of concentrated-liquidity positions, rebalancing price ranges as the market moves.
Why is that easier on Solana?
Frequent rebalancing requires many transactions. Solana's low fees make that economical, whereas the same strategy on Ethereum would be eaten by gas costs.
What is KMNO used for?
Governance of the protocol and participation in its incentive programmes.
What drives its activity?
The depth of Solana's DeFi market — how much collateral and liquidity is deployed on that chain rather than elsewhere.
Market cap decides how big a bubble is drawn, so rank is what places KMNO on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #167 | Convex Finance (CVX) | $216.12M |
| #173 | Compound (COMP) | $189.55M |
| #224 | Kamino (KMNO) | $128.12M |
| #304 | Reserve Rights (RSR) | $83.10M |
| #313 | yearn.finance (YFI) | $79.51M |