Coinbase adds SOL as loan collateral — $2.3B in crypto-backed originations and counting!

Coinbase has expanded its onchain crypto-backed lending product to accept Solana as collateral, letting users borrow up to $100,000 against their SOL holdings. The move follows the product's rapid growth: total loan originations have now surpassed $2.3 billion, with BTC-backed loans making up the lion's share at roughly $2.17 billion and ETH-backed loans contributing around $110 million.

Adding SOL opens the product to one of the most active retail and institutional holder bases in crypto. For Solana holders who want liquidity without selling, this is a meaningful unlock — and for Coinbase, it deepens the platform's role as a full-stack financial layer on top of users' crypto positions.

The $2.3 billion origination figure is the number to watch: it signals that demand for non-custodial, collateral-backed credit is real and scaling, not a niche product. SOL's inclusion is a structural…