WATCH

Solend (SLND)

Algorithmic lending/borrowing on Solana. Largest Solana lending protocol.

Ranked 110th of 251 rated tokens. Scoring pass 11 Jun 2026.

Score
106/250
110th of 251
Percentile
56.6%
of the rated universe
Circulating
n/a
supply data not published
Off all-time high
-99.13%
114.9x to recover
SolanaSPL+106 since last pass
01

What the numbers say

SLND scores 106 of 250 across the 25-variable framework, which places it 110th of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.

The score rests on P/S Multiple 5/10, 38th of 251, Insider Selling 5/10, 42nd of 251, BTC Alpha Potential 4/10, 45th of 251 and Network Growth 5/10, 52nd of 251.

Against the same universe, SLND sits in the bottom third on Exchange Depth 3/10, 220th of 251. These are the variables that would have to move for the verdict to change.

SLND trades 99.13% below its all-time high of $16.65. Recovering that level is a 114.9x move, not a 99.13% one, which is the arithmetic most drawdown charts hide.

The framework score gained 106 points against the previous pass (0 to 106). Revisions of this size follow a change in the underlying variables, not a change in price.

02

25-variable breakdown

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.

Cash flow

Cash flow variables for SLND, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
460th of 251
Revenue Trend
471st of 251
P/S Multiple
538th of 251
Real Staking Yield
482nd of 251

Supply

Supply variables for SLND, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
561st of 251
Vesting Schedule
5100th of 251
Circulating / FDV Ratio
5135th of 251
Buyback and Burn
2114th of 251

Ownership

Ownership variables for SLND, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
493rd of 251
Insider Selling
542nd of 251
Holder Concentration
458th of 251

Traction

Traction variables for SLND, scored 1 to 10 and ranked against 251 tokens
TVL Trend
465th of 251
Active Users
491st of 251
Developer Activity
583rd of 251
Network Growth
552nd of 251

Position

Position variables for SLND, scored 1 to 10 and ranked against 251 tokens
Market Share
487th of 251
Competitive Moat
4114th of 251
Institutional Adoption
3115th of 251
Exchange Depth
3220th of 251
Social Mindshare
486th of 251

Risk

Risk variables for SLND, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
5102nd of 251
Catalyst Calendar
490th of 251
BTC Alpha Potential
445th of 251
Team Execution
574th of 251
Treasury Runway
574th of 251

The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.

03

Catalyst and risk

Next catalyst

Solana network recovery and lending TVL growth; SLND stakers earn protocol revenue and boosted yields.

Principal risk

Solana network outages and dependency on SOL price; competing lending protocols like Marginfi and Kamino.

04

Market and supply

Price$0.1449
Market capnot published
All-time high$16.657 Nov 2021
Circulating supply0
Eventual supply (unavailable)100,000,000
Dilution to full supplyn/a
Listed onGate.io, MEXC, Raydium

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.

05

Tokens with a similar profile

These are the closest matches to SLND 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.

07

Common questions

What is the Early Thunder score for Solend (SLND)?
SLND scores 106 out of 250 on the 25-variable framework, ranking 110th of 251 rated tokens (upper half). The framework verdict is WATCH.
What are SLND's strongest fundamentals?
SLND ranks highest on P/S Multiple 5/10, 38th of 251, Insider Selling 5/10, 42nd of 251, BTC Alpha Potential 4/10, 45th of 251 and Network Growth 5/10, 52nd of 251. Ranks are measured against all 251 tokens in the same scoring pass.
What are the weakest parts of the SLND thesis?
SLND scores in the bottom third of the universe on Exchange Depth 3/10, 220th of 251. The single risk carried on the scorecard is: Solana network outages and dependency on SOL price; competing lending protocols like Marginfi and Kamino.
How far is SLND from its all-time high?
SLND trades 99.13% below its all-time high of $16.65. Returning to that high requires a 114.9x move from the level used in this scoring pass.
Which tokens have a similar profile to SLND?
Measured on the shape of all 25 scored variables rather than on price, the closest matches to SLND are SHDW (103), AR (140), QUICK (105) and MNDE (119). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
What is the next catalyst for SLND?
Solana network recovery and lending TVL growth; SLND stakers earn protocol revenue and boosted yields.

Keep reading

Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.