Coinbase has expanded its on-chain crypto collateralized lending product by adding support for Solana (SOL), enabling users to borrow up to $100,000 using SOL as collateral through the Morpho integration on Base. Since its inception last year, the lending product has facilitated over $2.3 billion in total loans, predominantly backed by Bitcoin and Ethereum. The recent addition of SOL aims to diversify the collateral options available to users. Coinbase's lending service, which recently launched in the UK, has seen significant traction with $2.17 billion in Bitcoin-backed loans and approximately $110 million in Ethereum-backed loans. The inclusion of Solana is part of Coinbase's strategy to broaden its on-chain financial services and cater to a wider range of cryptocurrency holders.