In the fast-paced world of DeFi on Solana, things move at lightning speed. Just take a look at the recent buzz from DMH, the COO of Instadapp and a key figure in the space. In a tweet that caught the community's attention, he announced that Fluid—now integrated as @jup_lend—has become the most liquid venue on Solana for borrowing USDC. And get this: it happened in less than three months.
For those new to the scene, Jupiter Lend is a cutting-edge money market protocol built by the team behind Jupiter Exchange, Solana's leading DEX aggregator, in collaboration with Fluid. It allows users to lend their crypto assets to earn passive yield and borrow against their holdings with some of the highest loan-to-value (LTV) ratios in the game—up to 95% in some cases. This means you can borrow more against your collateral compared to traditional platforms, which often cap at around 75%. It's designed to be safer for borrowers with advanced liquidation mechanisms and simpler for lenders through automated earning vaults.
Looking at the stats shared in the tweet, Jupiter Lend is boasting impressive numbers: a total supply of $1.51 billion, with $939 million available and $569 million borrowed. Lenders have deposited $608 million into earning vaults, racking up over $6.7 million in total earnings. For USDC specifically, the total value locked (TVL) sits at $447 million with an annual percentage yield (APY) of about 5.83%. These figures highlight why it's now the go-to spot for USDC borrowing—offering deep liquidity that makes it easier and cheaper to access stablecoins for trading or other DeFi activities.
What makes this achievement even more exciting is the roadmap ahead. DMH teased a long list of upcoming features, with over 20 items set to be unveiled at the Solana Breakpoint conference. Unfortunately, stage time is limited, but that's not stopping the team. In fact, a "very important feature" is dropping this Thursday, so keep your eyes peeled on Jupiter's official site or their X account for the reveal.
For meme token enthusiasts—and that's our bread and butter here at Meme Insider—this development is a game-changer. Solana is home to some of the wildest meme coins out there, from dog-themed tokens to quirky community-driven projects. With Jupiter Lend providing seamless USDC borrowing, traders can quickly leverage their holdings to jump into hot meme launches or farm yields without selling off their bags. Imagine borrowing USDC against your SOL or other assets to ape into the next big meme pump, all while earning interest on your deposits. It's tools like this that empower blockchain practitioners to stay agile in the volatile meme market.
Jupiter Lend didn't get here by accident. Launched in public beta back in August 2025, it hit $500 million TVL in just 24 hours and crossed $1 billion within ten days. Features like the Multiply tool let users loop their deposits for leveraged yields, while safety pillars— including distributed smart contracts and robust risk management—keep things secure. Whether you're a lender looking for passive income or a borrower chasing opportunities, it's worth checking out.
As DeFi continues to evolve on Solana, milestones like this remind us why the ecosystem is thriving. If you're into meme tokens, integrating lending strategies could supercharge your portfolio. Head over to jup.ag/lend to get started, and follow @DeFi_Made_Here and @JupiterExchange on X for the latest updates. What's your take on this rapid rise? Drop a comment below!