Wu Blockchain (@WuBlockchain): DeFi Funds Outflow Spreads to Solana
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
DeFi Funds Outflow Spreads to Solana Following the KelpDAO rsETH hack, the chain reaction has further spread from EVM networks to Solana. Several USDC markets on Solana’s leading lending protocol Kamino have seen sharp surges in deposit APY and utilization rates. The Prime Market’s USDC Reserve, with a scale of $178 million, has reached 100% utilization with zero available liquidity. Additionally, utilization rates in multiple vaults have spiked above 95%, including the Staekhouse USDC Vault and RockawayX RWA USDC.