The OnRe Market has surpassed $200 million in total market size, after growing 68.4% over the past 90 days, making it the second-largest RWA market and the fourth-largest market overall on Kamino.
The market enables users to access reinsurance-linked returns through an onchain lending market built on Kamino, a decentralized lending protocol on Solana.
OnRe is a Bermuda-licensed collateralized reinsurer and onchain asset manager operating under regulatory frameworks for both insurance and digital assets. Its flagship asset, ONyc, represents proportional ownership in a regulated segregated reinsurance account, with returns generated from reinsurance underwriting premiums and collateral yield.
The structure brings an asset class historically reserved largely for institutional investors into Solana's DeFi ecosystem, providing an alternative to the Treasury-backed and private credit products that account for much of today's tokenized RWA sector.
Bart Hillerich
Kamino Intern noted the market's long-term performance:
"this thing never stops. probably because loopers have been earning 20% APY on average since August 2025. yes, 2025."
OnRe CGO Ayyan Rahman called Kamino the "best DeFi infrastructure made for RWAs," saying that OnRe is continuing its growth push, looking to onboard "new capital allocators, asset managers, lenders, and HNWIs."
