📢 Market news DeFi/CeFi:
According to the report by Galaxy Research, the volume of loans secured by cryptocurrency reached $73.6 billion by the end of the third quarter.
The share of blockchain (on-chain) lending reached 66.9%.
Lending in the decentralized finance (DeFi) segment grew by 55% to ~$41 billion.
Lending on centralized platforms (CeFi) amounted to ~$24.4 billion (up 37%), but still approximately one third less than peak values.
🔍 What does this mean:
The crypto loan market is gaining momentum again, but a "qualitative" transformation is occurring: more collateral, less unsecured debt.
We at Binance continue to monitor the development of lending in the crypto industry and ensure transparency and safety for users.
Want to learn more — follow our updates, we conduct analytics and share insights.
According to the report by Galaxy Research, the volume of loans secured by cryptocurrency reached $73.6 billion by the end of the third quarter.
The share of blockchain (on-chain) lending reached 66.9%.
Lending in the decentralized finance (DeFi) segment grew by 55% to ~$41 billion.
Lending on centralized platforms (CeFi) amounted to ~$24.4 billion (up 37%), but still approximately one third less than peak values.
🔍 What does this mean:
The crypto loan market is gaining momentum again, but a "qualitative" transformation is occurring: more collateral, less unsecured debt.
We at Binance continue to monitor the development of lending in the crypto industry and ensure transparency and safety for users.
Want to learn more — follow our updates, we conduct analytics and share insights.