Crypto Lending Landscape Shifts: DeFi Surges, CeFi Rebuilds
Published:
2025-04-15 12:57:56
The crypto lending
market has undergone significant changes since the last bull run. Once dominated by centralized finance (CeFi) giants, the market is now leaning towards decentralized finance (DeFi) due to waning trust in CeFi. According to Galaxy Digital’s latest report, the market is recovering but with different players and power dynamics. The total market fell to $36.5 billion in Q4 2024, a 43% drop from its $64.4 billion peak in 2021, due to major CeFi lender bankruptcies. However, it has rebounded by 157% from its Q3 2023 low of $14.2 billion.
By:
|Square
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