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BTCC / BTCC Square / Global Cryptocurrency /
DeFi Crypto Lending Surpasses $19 Billion in 2024

DeFi Crypto Lending Surpasses $19 Billion in 2024

Author:
Global Cryptocurrency
Published:
2025-04-14 23:10:02
13
1
DeFi crypto lending has surpassed $19 billion in 2024, nearly doubling its CeFi counterpart. A recent Galaxy report revealed that despite Tether leading the crypto lending market with two other companies, decentralized applications posted nearly double the amount in outstanding loans at the end of 2024. The crypto lending market, excluding collateralized debt position (CDP) stablecoins, stood at roughly $30 billion on Dec. 31. The report noted potential double-counting due to CeFi lenders using crypto collateral to mint CDP stablecoins lent to off-chain borrowers. Including CDP stablecoins, the market size enlarges to $36 billion.

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