Kamino Finance (KMNO)

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

These are the closest matches to KMNO measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

• [DeFiLlama] $3.2B TVL, #1 lending protocol on Solana
• [DeFiLlama] $14.33M annualized protocol revenue (not $17M as claimed)
• [Token Terminal] Revenue declining: $35.7M Q1 2025 → $11.9M Q2 2026 (-67%)
• [CoinGecko] ATH $0.2472 on Dec 15, 2024 (not $0.12 as previously listed)
• [Kamino Docs] ZERO value accrual: no fee sharing, no buyback, no burn, no real staking yield
• [Kamino Governance] Staking = 'stake KMNO to earn more KMNO' (emissions only)
• [Kamino Governance Forum] No governance proposal for fee sharing ever submitted
• [Token Unlocks] 229M tokens/month opening through Apr 2027
• [CoinGecko] 47% circulating (4.68B of 10B), massive dilution ahead
• [Anchorage] Anchorage Digital tri-party custody pilot with The Solana Company ($201M)
• [Bitwise] Bitwise $259M Solana Staking Fund integration
• [DeFiLlama] Ethena $1B+ deposits within days of launch on Kamino

What is the Early Thunder score for Kamino Finance (KMNO)?

KMNO scores 138 out of 250 on the 25-variable framework, ranking 35th of 251 rated tokens (top quartile). The framework verdict is CAUTIOUS HOLD.

What are KMNO's strongest fundamentals?

KMNO ranks highest on Network Growth 8/10, 4th of 251, TVL Trend 8/10, 6th of 251, Active Users 7/10, 8th of 251 and P/S Multiple 7/10, 9th of 251. Ranks are measured against all 251 tokens in the same scoring pass.

What are the weakest parts of the KMNO thesis?

KMNO scores in the bottom third of the universe on BTC Alpha Potential 2/10, 200th of 251. The single risk carried on the scorecard is: ZERO fee sharing, ZERO buyback, -94% ATH, 229M tokens/month opening, revenue declining -67%

How much KMNO supply is still to enter circulation?

52.4% of eventual KMNO supply is circulating today, leaving 1.91x the current float still to arrive. At a flat price per token that is 47.6% of fully diluted value ahead of current holders.

How far is KMNO from its all-time high?

KMNO trades 92.6% below its all-time high of $0.2478. Returning to that high requires a 13.5x move from the level used in this scoring pass.

Which tokens have a similar profile to KMNO?

Measured on the shape of all 25 scored variables rather than on price, the closest matches to KMNO are SAFE (132), IMX (117), MORPHO (157) and ARB (134). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.

What is the next catalyst for KMNO?

Lend V2 live, Anchorage tri-party custody, Bitwise $259M fund, Ethena $1B+ integration