Tokenized credit on Solana climbs to a record $1.2 billion

More than $595 million of Solana's tokenized credit sits in lending protocols, putting it to work as collateral instead of leaving it idle in wallets Tokenized credit on Solana has hit a record $1.2 billion as of October 24, 2026. Less than two weeks ago, the figure was just clearing $1 billion for the first time. What stands out is where the money sits. About $595 million of it is deposited in lending protocols, which means these assets are being put to work rather than collecting dust. The $1 billion threshold fell around October 13, 2026. At that point, more than half of Solana’s tokenized credit was already deployed in lending venues. Eleven days later, the total had grown to $1.2 billion.

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