Kamino Finance (KMNO) Surges 3% Amid Solana DeFi Growth, v2 Upgrade Anticipation

Generated by AI AgentCoin World
Monday, Apr 28, 2025 7:11 am ET1min read

Kamino Finance (KMNO), currently priced at $0.063, has experienced a 3% increase in the past 24 hours. This rise is part of a broader trend of growth within the DeFi protocol on the Solana blockchain, which has gained over 21% in the past week. Several key catalysts are expected to influence the price of

KMNO
, including the imminent release of its v2 upgrade and a significant token unlock scheduled for April 30, 2025.

Kamino Finance is emerging as a notable player within the Solana ecosystem and the broader cryptocurrency space. The protocol recently introduced Kamino Meta-Swap, designed to deliver optimal price execution for token swaps on Solana. This was followed by the announcement of the v2 upgrade, which is anticipated to be a major milestone for the platform. The v2 upgrade, known as Lending V2, aims to reshape lending on Solana, potentially driving further demand for KMNO.

The growth of Kamino Finance over the past year, coupled with the upcoming v2 release, could be pivotal in propelling KMNO to new heights. The platform has been breaking all-time highs in supply and borrows since early 2024, and the Multiply feature's max leverage has been increased from 5x to 7.5x, attracting more liquidity. Additionally, the overall upward trend in the cryptocurrency market, with KMNO up more than 20% in the past week, suggests that a break above $0.065 could see the token surge to $0.10 and $0.15.

However, KMNO may face short-term bearish pressure due to an upcoming token unlock. On April 30, 2025, Kamino Finance is scheduled to release 229.17 million KMNO tokens, valued at approximately $14.30 million, which accounts for 13% of its circulating supply. This significant unlock could lead to massive selling, potentially impacting KMNO's price in the short term. Despite this, the overall bullish outlook suggests that a rebound from key support levels could drive KMNO back to its recently hit all-time high.

Analysts have also weighed in on the potential for KMNO's price to surge by the end of the year. According to Rendoshi Takamoto, fundamental catalysts such as the continued growth of Total Value Locked (TVL) and the entry of Real-World Assets (RWAs) into the scene could accelerate KMNO's growth. Takamoto predicts that KMNO could see a 10x increase by the end of the year, driven by these factors.