Loopscale Launches Modular Credit Order Book on Solana, $160M Peak TVL, $51B Total Lending

Loopscale has launched a modular credit order book on the Solana blockchain, aiming to enhance on-chain borrowing and lending. This new platform leverages Solana’s speed, efficiency, and low costs to provide a tailored approach for users. The announcement was made by Loopscale and welcomed by Solana, emphasizing the potential benefits of this innovative financial tool. In related developments, Superlend, formerly known as PlendFinance, is also evolving its brand to focus on improved lending and borrowing solutions. Additionally, Scallop, a leading DeFi protocol on the Sui Network, reported significant achievements, including a peak total value locked (TVL) of $160 million and $51 billion in total lending and borrowing volume, along with $1.67 billion in total flash loans volume.