Salvor vs Sharky: Avalanche or Solana NFT loans? (2026)

Both protocols let NFT holders seek liquidity without selling their collateral, but they serve different chains and loan currencies. Salvor is an Avalanche marketplace with peer-to-peer loans denominated in AVAX. It combines NFT trading and lending, and its terms are agreed between individual borrowers and lenders rather than set by a shared pool. Sharky is built on Solana and supports borrowing SOL against NFTs as well as lending SOL for interest. Its interface separates Lend Offers from Borrow Loans.

The custody model is a notable distinction. Sharky describes its loans as escrowless, meaning borrowers keep the NFT in their wallet during the loan; if they default, the lender receives the NFT. Salvor describes NFTs as pledged collateral, and says a lender can claim the NFT if the borrower does not repay. The details published for Salvor do not establish whether its mechanics match Sharky’s escrowless approach.

Neither protocol publishes a fee schedule, interest rates, or loan durations. That makes it difficult to compare the full cost of borrowing or the expected return for lenders before reviewing individual offers. Salvor’s missing fee information includes marketplace trading fees, loan origination fees, and interest rates. Sharky also does not publish fees, rates, or durations, and its mention of high APY does not include a figure.

Before accepting a loan or supplying funds, review the terms shown for that specific offer and consult the project’s documentation. Include network fees in your decision: transactions on Avalanche use AVAX, while transactions on Solana use SOL. Sharky’s network is described as generally low-cost, but that does not establish the total cost of a loan. Do not assume that an offer’s interest rate, duration, or fees will be the same across either marketplace.

Salvor has two audits listed, but the auditors, dates, and findings are not published. That is a positive diligence signal, but it is not enough to assess what code was reviewed or whether issues were resolved. Sharky has no audits listed, and its smart-contract risk is therefore less documented. Neither audit status guarantees that funds or collateral are safe.

Both protocols carry NFT market risk. Collateral may be volatile and difficult to sell, and borrowers can lose an NFT after default. Lenders also face the risk that a defaulted NFT is worth less than the SOL or AVAX they lent. Sharky’s escrowless design means the borrower keeps the NFT in their wallet during the loan, according to its description, but default still transfers the NFT to the lender. Only commit funds you can afford to lose, and check the legality of this activity where you live.

Choose Salvor if you use Avalanche, want to borrow AVAX against an NFT, or value having a marketplace and lending features in one product. Its TVL is about $430,229, higher than Sharky’s, but it is still a small product and does not guarantee that a suitable lender or offer will be available. The two audits listed may be relevant to your diligence, though their details are not published.

Choose Sharky if you use Solana, want to borrow SOL, or want to lend SOL for interest. Its escrowless loan design and separate lending and borrowing views may suit users who want those specific features. Its TVL is about $88,784, and it has no audits listed, so expect limited liquidity and less published security review information. For either option, compare the actual terms of available offers rather than choosing based on chain or headline features alone.