According to Foresight News, Ledn, a cryptocurrency lending platform, has reported that it provided over $690 million in loans in the first quarter, marking a record high since its launch in 2018. The platform processed $584 million in loans for institutions and over $100 million for retail investors. Compared to the $125.7 million disbursed in the fourth quarter of 2023, institutional loans have nearly quadrupled, while loans to retail investors have grown approximately sevenfold from the previous quarter's $14.6 million.