The cryptocurrency industry is buzzing once again. On September 11, 2025, Coinbase — one of the world’s leading crypto exchanges — officially launched spot trading for Kamino (KMNO) and Dolomite (DOLO). For traders and investors, this marks a pivotal moment because it expands access to two promising Solana-based DeFi projects.
But why does this matter? How could it impact your portfolio? And what should you know before jumping in? In this post, we’ll break down everything about the new listings, analyze both projects, and explain the risks and opportunities that come with them.
🌍 What Exactly Is Happening With Coinbase’s New Listings?
Coinbase has confirmed that KMNO-USD and DOLO-USD spot trading pairs are now live. Trading began after 9:00 AM PT, but only once adequate liquidity conditions were met (Coinbase Blog). This approach is standard for Coinbase, ensuring smooth market entry and protection against wild spreads.
This development matters for several reasons. First, Coinbase has a track record of driving visibility for tokens it lists. For example, when Coinbase listed Solana (SOL) back in 2021, its adoption skyrocketed within weeks (CoinDesk). Second, Coinbase explicitly warned users not to attempt transfers via unsupported networks. Sending KMNO or DOLO through non-Solana chains or incorrect bridges could lead to permanent loss of funds — a painful but common mistake in crypto.
At the same time, this move reflects Coinbase’s broader listing spree. In September alone, the exchange has added multiple altcoins, making it clear they want to stay ahead of competitors like Binance and Kraken (CryptoNews).
💡 Spotlight on Kamino (KMNO): Solana’s DeFi Powerhouse
What is Kamino Finance?
Kamino Finance, launched in 2022, is a decentralized finance (DeFi) protocol built on the Solana blockchain. The project specializes in automated liquidity vaults and lending markets. These products allow users to generate passive income without having to manage complex DeFi strategies manually (BeInCrypto).
Its Automated Liquidity Vaults optimize positions across pools, issuing kTokens to represent shares. In other words, Kamino essentially acts as a smart DeFi manager, making yield farming more efficient.
Tokenomics of KMNO
The KMNO token plays a central role. It powers governance votes, distributes staking rewards, and shares in protocol fees. With a capped supply of 10 billion tokens and a circulating supply around 2.7 billion, it’s built with scarcity and utility in mind (CoinMarketCap).
At the time of Coinbase’s announcement, KMNO was trading at $0.058, reflecting a market cap of $159 million. The price spiked 7%, from $0.057 to $0.061, immediately after the listing news (CoinGecko). That aligns with the well-documented “Coinbase Effect,” where new listings experience short-term price surges.
Why KMNO Matters
With a total value locked (TVL) surpassing $4 billion, Kamino is attracting institutional and retail interest alike. Its recent upgrades, such as ONyc collateral integration and revamped rewards systems, demonstrate long-term sustainability. By gaining Coinbase exposure, KMNO may see an even bigger push in adoption across U.S. markets.
🔎 Unpacking Dolomite (DOLO): Lending and Borrowing Made Simple
What is Dolomite?
Dolomite is another Solana-based protocol, but unlike Kamino, its focus is on decentralized margin trading, perpetuals, and borrowing/lending services. Think of it as a next-generation DeFi exchange where users can access leverage without intermediaries (BitcoinEthereumNews).
By supporting cross-margin trading, Dolomite allows traders to manage multiple positions seamlessly — something that traditional centralized exchanges charge fees for and restrict heavily.
The Role of the DOLO Token
The DOLO token drives governance, powers protocol fees, and incentivizes liquidity providers. Following the Coinbase announcement, DOLO’s price jumped 8.33%, from $0.18 to $0.195, before correcting back to $0.17 due to volatility.
Why DOLO’s Listing Is Important
While DOLO is smaller in scale compared to KMNO, its focus on making margin trading easier for everyday users could make it highly attractive. As Coinbase opens the floodgates, DOLO may enjoy higher liquidity, stronger price stability, and broader recognition within DeFi communities.
📈 Market Reactions and the “Coinbase Effect”
The Coinbase Effect has been observed repeatedly across crypto. New listings often see sharp spikes in both trading volume and price within hours of going live.
- KMNO: Up 7% immediately after listing, stabilizing around $0.059.
- DOLO: Surged 8.33% but quickly retraced to $0.17, reflecting lower liquidity.
This is not unusual. In fact, past data shows that altcoins can experience 20–50% volume increases within their first week on Coinbase (BitRss).
That said, short-term gains often lead to equally sharp corrections. Traders should expect volatility as early buyers take profits.
⚠️ Risks, Cautions, and Smart Trading Tips
Before rushing in, let’s talk risks.
- Network Risks
Coinbase warns against sending KMNO or DOLO through unsupported networks. Always double-check you’re using Solana addresses only. - Liquidity Risks
At launch, spreads may be wide until order books fill. Avoid FOMO buying — use limit orders instead. - Regulatory Risks
U.S. regulators like the SEC and CFTC are tightening oversight. While Coinbase listings add legitimacy, rules can change quickly (SEC). - Token Unlocks
Projects often release tokens from vesting schedules. For example, Kamino’s 229 million KMNO unlock earlier this year created selling pressure.
In short, always diversify and consider setting stop-loss orders. And remember: this article is for educational purposes only, not financial advice.
✅ Wrapping Up: A Win for Solana DeFi
The Coinbase listing of KMNO and DOLO marks an exciting new chapter for Solana DeFi. Both projects bring unique strengths:
- Kamino (KMNO): Automated liquidity, lending, and massive TVL.
- Dolomite (DOLO): Accessible margin trading and governance-driven growth.
Whether you’re a seasoned trader or just exploring Solana’s DeFi space, these tokens deserve a spot on your watchlist.
As always, trade wisely, do your own research, and never invest more than you can afford to lose.
🔗 Sources:
- BeInCrypto – Coinbase Will List 3 Altcoins Today
- CoinGecko – Kamino Price and Coinbase Listing Announcement
- BitcoinEthereumNews – Coinbase Will List 3 Altcoins Today
- BitRss – Coinbase Expands Spot Market With 3 New Altcoin Listing
- CryptoNews – 14 New & Upcoming Coinbase Listings in September 2025
- CoinMarketCap – Kamino Finance Overview
- SEC – Official Regulatory Guidelines
