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- Solana's Lending Giant: Why This Token Could Surge +173% by October 2026
Solana's Lending Giant: Why This Token Could Surge +173% by October 2026
Its TVL defied the crash with 8.4% growth. Analysts now target +173% upside.
Charts are bleeding red across the board, but one Solana protocol is ignoring the panic and breaking records.
While traders were selling, this platform quietly grew its assets by over 8% in just seven days. If you want to bet on fundamentals over fear, this discrepancy points toward a potential +173% gain.

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Kamino (KMNO) has evolved into the financial engine room of Solana, merging lending, automated liquidity, and leverage into one seamless dashboard.
Even as the broader market stumbles, this protocol is grabbing market share and integrating cutting-edge products that bridge the gap to traditional finance.
Price-wise, things look ugly at $0.0522, representing a sharp 16.8% drop over the last week.
Yet, a look under the hood reveals a thriving ecosystem where Total Value Locked (TVL) is surging despite the token's discount.

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Tokenomics, Strategic Positioning, and Use Cases
Your KMNO tokens do more than just sit in your wallet; they are your ticket to governing one of the most vital infrastructures on Solana.
You get to vote on crucial economic decisions, such as how revenue is shared and where incentives flow, giving you real ownership.
The team is also pushing boundaries with automation, offering vaults that manage your liquidity positions so you don't have to.
Most recently, they unlocked the ability to use Superstate's tokenized equity funds as collateral, a massive move that brings regulated real-world assets (RWAs) directly into Solana DeFi.
Action: Pay attention to the volume flowing into their new RWA collateral pools and "Multiply" vaults. |

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Financial Outlook and Market Position
Let's crunch the numbers. KMNO currently holds the #289 spot in the global crypto rankings and sits at #6 among lending tokens, with a market cap of roughly $183 million.
Here is the massive disconnect: while the token price took a 16.8% nosedive this week, the actual money deposited in the protocol (TVL) jumped by 8.4% to hit $3.3 billion.
You don't often see a business grow its assets by hundreds of millions while its stock price gets hammered.
Compared to rivals, Kamino is outperforming; Aave saw only a slight bump (+3.9%), and Morpho crashed hard (-36.1%).
This divergence between a rapidly expanding asset base and a shrinking token price suggests the market is sleeping on the protocol's actual performance.
Action: Watch the spread between the TVL and the market cap closely. |

Bear Case
It isn't all smooth sailing, though. The battle for liquidity on Solana is brutal, and aggressive competitors like Jupiter Lend are launching vampire attacks to steal users.
There is also some bad blood brewing after Kamino blocked a feature that allowed users to easily refinance loans to Jupiter, sparking a heated debate about open finance.
If the community decides the platform is becoming too centralized or anti-competitive, user trust could evaporate quickly.
Action: Don't turn a blind eye to the competition; track Jupiter Lend's traction to see if they are successfully draining users from Kamino. |

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Outlook and Investment Thesis
Kamino is effectively positioning itself as the base layer for all financial activity on Solana, from basic loans to complex yield farming.
The stark contrast between an 8.4% rise in weekly TVL and a double-digit price crash offers a textbook deep-value setup.
As the lines between traditional finance and DeFi blur via their new RWA features, the token looks primed for a repricing.
Analysts are projecting a potential rally to $0.1431. Hitting that target would generate a staggering +173.54% return by October 2026.
Action: If you think Solana is the future of finance, this is a foundational play worth watching. |

That's all for today. Thank you for reading. If you have any feedback, please reply to this email.
Best Regards,
— Benjamin Vitaris
Crypto Intel


