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Crypto Lending Hits Record High as DeFi Outpaces CeFi Growth
Crypto Lending Hits Record High as DeFi Outpaces CeFi Growth
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BTCCSquare news:
Decentralized finance platforms saw a 42% surge in crypto lending activity during Q2, adding $7.84 billion in open loans according to Galaxy Research. The growth outstrips centralized finance's 14.66% quarterly increase, though CeFi platforms now hold $17.78 billion in outstanding loans—a 147.5% expansion since late 2023.
Tether dominates centralized lending with 57% market share, followed by Nexo and Galaxy Digital. The sector's rebound from Q1 declines reflects both increased user participation and rising cryptocurrency valuations during the April-June period.
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