How to Lend Solana (SOL): A Step-by-Step Guide

Introduction

Lending Solana can be a great option for those who want to hold SOL but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Solana (SOL) Tokens
To lend Solana, you need to have it. To acquire Solana, you’ll need to buy it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Solana (SOL) 164.33
PrimeXBT Solana (SOL) 164.33
EarnPark Solana (SOL) 164.25
YouHodler Solana (SOL) 164.15
Binance Solana (SOL) 164.28
BTSE Solana (SOL) 164.35
See all 84 prices
2. Choose a Solana Lender
Once you have SOL, you’ll need to choose a Solana lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Nexo Solana (SOL) Up to 8% AER
YouHodler Solana (SOL) Up to 12% AER
EarnPark Solana (SOL) Up to 7% AER
Bitget Solana (SOL) Up to 3.8% AER
Blockchain.com Solana (SOL) Up to 6% AER
See all 20 lending rates
3. Lend Your Solana
Once you’ve chosen a platform to lend your Solana, transfer your Solana into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.

Platform	Coin	Price
Nexo	Solana (SOL)	164.33
PrimeXBT	Solana (SOL)	164.33
EarnPark	Solana (SOL)	164.25
YouHodler	Solana (SOL)	164.15
Binance	Solana (SOL)	164.28
BTSE	Solana (SOL)	164.35

Platform	Coin	Interest rate
Nexo	Solana (SOL)	Up to 8% AER
YouHodler	Solana (SOL)	Up to 12% AER
EarnPark	Solana (SOL)	Up to 7% AER
Bitget	Solana (SOL)	Up to 3.8% AER
Blockchain.com	Solana (SOL)	Up to 6% AER

What to be Aware of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Solana (SOL) is currently priced at US$12 with a 24-hour trading volume of US$4.55B. The market cap of Solana stands at US$91.18B, with 483.75M SOL in circulation. For those looking to purchase or trade Solana, Nexo offers avenues to do so securely and efficiently}

Market capitalisation: US$91.18B
24-hour volume: US$4.55B
Circulating supply: 483.75M SOL

See latest information

Frequently Asked Questions About Lending Solana (SOL)

What are the current lending rates for Solana (SOL)?: Solana (SOL) offers a variety of lending rates from different platforms. Currently, there are a total of 11 lending rates available. The best lending rate can be found on Nexo, which provides competitive terms for those looking to lend their SOL. It is essential to stay updated on these rates, as they can fluctuate frequently. For real-time comparisons and alerts, consider using Bitcompare to ensure you are getting the best deals available.
What are the current lending rates for Solana (SOL) in the UK?: Currently, there are 11 lending rates for Solana (SOL) across different platforms. The average lending rate is not specified, but the best rate is available on Nexo. It's crucial to monitor these rates regularly, as they can change based on market conditions and platform offerings. For up-to-date comparisons and detailed information, visit Bitcompare.
How can I find the best lending rates for Solana (SOL)?: To find the best lending rates for Solana (SOL), you can use comparison platforms like Bitcompare, which provide real-time rate comparisons across various lending providers. Currently, there are 11 lending rates available, with Nexo offering the most competitive rate. Regularly checking these rates and setting up email alerts can help you stay informed and make the most advantageous lending decisions for your SOL holdings.
What factors influence the lending rates for Solana (SOL)?: Lending rates for Solana (SOL) are influenced by several factors, including market demand and supply, overall cryptocurrency market trends, and the specific policies of lending platforms. Additionally, the risk assessment of borrowers and the liquidity available on the platform can also affect rates. It is essential to stay updated on these factors through resources like Bitcompare for a comprehensive understanding of the lending landscape for SOL.

Solana SOL News

July 29, 2025Trump's Genius Act Paves Way for Crypto Boom!

The article discusses the signing of the Genius Act by President Trump, which aims to bolster U.S. competitiveness in AI and hints at a mainstream adoption of cryptocurrency. It promotes the SAVVY MINING platform, suggesting potential earnings of $15,800 a day.

July 29, 2025Will Ethereum's Gains Boost Altcoins?

The article discusses how Ethereum's recent price gains may not lead to a successful Altcoin Season, highlighting the unique factors affecting Ethereum compared to other altcoins.

July 28, 2025PayPal Transforms Global Commerce with Crypto

PayPal has introduced its 'Pay with Crypto' feature, allowing businesses to leverage cryptocurrency for international transactions while significantly reducing costs. This advancement aims to expand global commerce and enhance merchant opportunities by providing access to over 100 cryptocurrencies.