Solana ecosystem stablecoin lending rates and utilization rates soar, Jupiter Lend USDC utilization skyrockets to 99%

Mars Finance news: On April 20, after the KelpDAO rsETH hacking incident, ripple effects across the entire on-chain DeFi ecosystem began to show. In the Solana ecosystem, the stablecoin lending rates and utilization rates across multiple lending protocols rose, including: On Jupiter Lend, the USDC supply is $421 million, with $340 million lent out. After excluding protocol reserve liquidity, utilization surged to about 99%, leaving available liquidity nearly fully borrowed; the current lending rate is 4.36%. On the Kamino Prime Market, the total USDC supply is approximately $186.8 million, with about $178.8 million already borrowed. Utilization is approaching 96%, and the current lending rate is 8.92%. On the Kamino Main Market, the total USDC supply is about $172 million, with about $164 million borrowed. Utilization is around 95.75%, and the current lending rate is 10.2%. Save Finance (formerly Solend) has seen lending utilization rise to over 70%, with the current lending rate at 3.9%. On Marginfi, the USDC lending utilization has risen to 88.32%, and the current lending rate is 7.65%.