Data Insights: Lending is a compilation of charts & insights by Binance Research on the lending industry in the last 365 days.
Overview: Lending TVL ranks 3rd after DEX and Liquid Staking. Despite the various crypto setbacks, builders are not deterred, as seen by a 71.7% increase in lending protocols. However, adoption shrank as measured by a 67.8% decrease in total borrowed.
VCs Interest in Lending: 45 lending projects raised funds. In the last four quarters. CeFi lending raised 60.1% more than non-CeFi lending in funding, even though there are 10x more non-CeFi lending projects.
Top Performing Protocols: Aave leads with $5.9B TVL. Aave, JustLend, and Compound are the top three in TVL. However, high TVL does not necessarily translates to high DAU. Radiant's DAU surpassed Aave a few times this year, but Aave still maintained the leading position most of the time.
Data Insights: Lending
Binance Research (Keng Ying Sim)
May 10th, 2023