Ethereum's active lending volume has surpassed $28 billion, a tenfold increase since 2023.
According to data from Token Terminal, the active loan volume of various lending protocols on Ethereum has exceeded 28 billion USD. This figure has increased by about 10 times compared to the low point in January 2023. Active loans refer to the scale of assets currently being borrowed and generating interest, indicating that Ethereum's position as the dominant network for on-chain lending is further consolidated, and its DeFi ecosystem is achieving scaled operations while continuously generating interest income.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oppenheimer: AI search wins over consumers, upgrades Etsy (ETSY.US) rating to "Outperform"
Oppenheimer upgraded Etsy's rating to Outperform, citing that AI-powered search is winning over consumers, with a target price of $90.
Tom Lee Sees Fed Rate Hike Today: Predicts a Big Equity Rally
Indian Rupee: Inflation and trade reshape INR – Commerzbank
SoftBank CDS Approaches Three-Year High! Concerns Over OpenAI Financing Intensify, “Paper Wealth” Fails to Alleviate Cash Crunch
The credit default swaps (CDS) of SoftBank Group are hovering near a three-year high. Traders are assessing the potential impact of OpenAI’s financing plans, as OpenAI is one of SoftBank’s largest bets.
Crypto prices
More
