JustLend

Context-setting competitors outside the EVM DeFi scope: named for completeness, not tracked, not clickable.

Centralised lenders

• Tether (lending arm)CeFi lender

  62.25% share of tracked CeFi lending, Q1 2026

• NexoCeFi lender

  7.02% CeFi market share Q1 2026

• Coinbase crypto-backed loansCeFi lender

  Loan book grew $90.04m in Q1 2026, distributes Steakhouse-curated Morpho USDC lending to retail

• Galaxy Digital lending deskCeFi lender

  Contracted 21% in Q1 2026

• LednCeFi lender, BTC

  Historically third-largest CeFi lender

Tokenised treasuries

• BlackRock BUIDLTokenised treasury fund

  $2.61bn as of 26 July 2026

• Circle USYCTokenised treasury

  $3.00bn as of 26 July 2026

• Ondo USDYTokenised treasury note

  $2.16bn as of 26 July 2026

• Ondo OUSGTokenised short-term government bond fund

  $481m as of 26 July 2026

• Franklin Templeton BENJITokenised money market fund

  $735m as of 26 July 2026, SEC-registered

Market benchmarks

• CeFi lending market aggregateMarket benchmark

  Loan books fell 6% QoQ to $23.3bn in Q1 2026, first contraction since Q3 2024

• Tokenised US Treasuries aggregateMarket benchmark

  $16.20bn across 85 products as of 26 July 2026

Non-EVM protocols

• Kamino FinanceNon-EVM lending protocol, Solana

  Roughly $3.2bn TVL, the main non-EVM benchmark

• Save, MarginFi, DriftNon-EVM lending protocols, Solana

  Drove Solana past $2.1bn of active loans in May 2026

• Jupiter Lend and Project 0 PrimeNon-EVM lending infrastructure, Solana

  Prime engine covers roughly 98% of Solana lending TVL