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- Jupiter Lend now allows users to borrow against natively staked SOL without losing their staking rewards.
- The move targets $30B in previously “locked” capital, aimed at reigniting Solana’s cooling trading volumes.
- Whales are active as SOL tests the $80 demand zone, a key level for a potential trend reversal.
For months, a massive portion of Solana’s wealth has been sitting on the sidelines. Despite over $30 billion worth of SOL being staked to secure the network, this capital remained largely “locked” away from the vibrant world of decentralized finance (DeFi). Investors were forced to choose between earning a steady staking yield or participating in the high-stakes world of lending and trading.
That trade-off ended this week. Jupiter, Solana’s premier DEX aggregator, has officially launched native staking as collateral on its Jupiter Lend platform. The move effectively turns billions of dollars in “idle” assets into active market fuel, marking a potential turning point for Solana’s on-chain economy.
Unlocking Efficiency Without Sacrificing Yield
The core of this update is “capital efficiency.” Previously, users who wanted to use their SOL in DeFi typically had to swap for Liquid Staking Tokens (LSTs) or unstake their assets entirely—a process that can take days.
With Jupiter Lend’s new feature, holders can now use their natively staked SOL as collateral to borrow assets directly. The brilliance of this setup is that the underlying SOL stays staked with validators like Helius, Nansen, and Jupiter, continuing to earn its native yield while the user gains fresh liquidity to trade, hedge, or leverage elsewhere.
A Spark for Cooling Volumes
The timing of this launch is no coincidence. Recent data from CryptoQuant’s Volume Bubble Map suggested that Solana’s trading activity was beginning to “cool.” However, as liquidity begins to flow from these newly unlocked staking vaults, the trend is already shifting.
On-chain metrics show that the recent dip in Active Addresses has begun to flatten out. As fresh capital enters the ecosystem, engagement follows. In the world of crypto, liquidity is the ultimate driver of volatility and volume—two things Solana needs to reclaim its momentum.
Whales Lead the Charge at the $80 Level
While retail investors are just beginning to catch on, “whales”—large-scale holders—are already positioning themselves. Order distribution data indicates that major players are moving early, likely anticipating a structural shift in market liquidity.
Also Read: Solana vs. Cardano: 2 Massive Updates But 0 Price Action—What Gives?
Currently, SOL is testing a critical demand zone near $80, which aligns with a technical pennant support on the daily charts.
- The Bull Case: If whale activity persists and the $80 support holds, this liquidity injection could serve as a springboard for a price reversal.
- The Bear Case: Should the $80 level fail, the market structure could weaken, potentially inviting a deeper correction.
Solana now stands at a vital inflection point. By bridging the gap between its $30 billion staking layer and its DeFi ecosystem, the network isn’t just growing—it’s evolving into a more efficient machine.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
