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The price of Kamino (KMNO) has surged to $0.1922, reaching a new all-time high (ATH). According to CoinGecko, KMNO has performed exceptionally well this week, with an 87% increase over the past 7 days.
The primary boost occurred between November 8-9, when KMNO price spiked from $0.10 to $0.19 within a single day.
Currently, Kamino’s price has adjusted to $0.17.
Kamino Announces Major Integrations
Kamino is a decentralized finance (DeFi) protocol enabling users to borrow and lend crypto assets, positioning itself as a liquidity provider in the DeFi space.
Built on Solana (SOL), Kamino recently announced several significant integrations within the ecosystem.
On November 8, Kamino integrated Coinbase Wrapped BTC (cbBTC) along with other Solana-based projects, including Raydium (RAY) and Jito (JTO).
$cbBTC is now live on Kamino!
cbBTC is set to become a flagship asset on Solana, and Kamino is committed to driving this growth
cbBTC has been onboarded to both Kamino Lend and Kamino Liquidity, with $20K monthly incentives going to cbBTC-JitoSOL Vault depositors⚡️ pic.twitter.com/DoMqz2WS51
— Kamino (@KaminoFinance) November 7, 2024
Notably, JitoSOL provides the highest liquidity for cbBTC on the Solana blockchain.
Additionally, Kamino incorporated Grass (GRASS) into its vault, enabling GRASS holders to automatically earn income by storing their tokens there.
Grass, another Solana ecosystem project, has been trending lately, showing a 218% price surge in the two weeks since its listing.
1/ Introducing the $GRASS Liquidity Vault
By deploying into Kamino's GRASS-SOL vault, users can now earn automated yields, while boosting GRASS liquidity on chain
Here's how it works⤵️ pic.twitter.com/3f7JuHSlhy
— Kamino (@KaminoFinance) November 7, 2024
Among Top 20 DeFi Protocols
According to DeFiLlama, Kamino ranks among the top 20 DeFi protocols by Total Value Locked (TVL), holding the 17th position with a TVL of $1.8 billion.
Over the past week, Kamino’s TVL has increased by 27.45%, marking the highest growth among the top 20 DeFi protocols.
