My takeaway from Mary’s thesis:
Solana is becoming internet money.
Loopscale wants to become internet credit.
But that only matters if on-chain credit reaches beyond DeFi loops and starts serving real borrowers.
That’s the 99% of Solana DeFi I am also excited to see.
This clip made me rethink what “on-chain credit” means
Not just RWA looping, leveraged yield, or traders borrowing from traders
It should be used in the real world
I agree with Mary: if it doesn’t go beyond that, it’s a sad future.
My takeaways below👇
Exploring Solana Ep. 18: @Loopscale
Pool based lending is the default in DeFi. Loopscale is doing something different. Order book model that matches lenders and borrowers directly.
I sat down with @marygooneratne, co-founder, to talk about the future of lending on @solana 👇
00:00 Intro & What is Loopscale?
00:22 From college CS class to building on Solana
03:33 Why they rebranded from Bridgesplit to Loopscale
07:16 Why orderbook lending vs the pool-based model
11:10 What Loopscale actually unlocks for borrowers and lenders
14:00 Closed beta learnings and what users actually wanted
18:36 What is Loops 2.0, and what changed
21:10 Expanding into RWAs and real-world borrowers
25:00 Solana DeFi is only 1% of what it could be
28:57 Biggest milestone for 2026
The episode shows Loopscale’s origin story.
Mary and Luke went from hackathons + Polygon testnet → Solana → Bridgesplit → NFT/RWA lending → Loopscale
Different products, same bet:
DeFi credit needs more flexibility than shared pools, variable rates, and limited collateral
This clip stood out because Mary points at the real issue:
if credit only serves leverage loops, it stays trapped inside crypto.
Real credit should fund businesses, assets, trade, and actual economic activity. 💰
This is also best way to onboard web2 into web3.
🍕 Happy Bitcoin Pizza Day!
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