Lending is actually an overlooked sector that has been growing quietly alongside the stable / yield market this year.

One hand, users use them to earn yield + loop their farm.

Another hand, protocols use them to lockup TVL + add utility + print yield for their strategies.

Therefore, as long as the yield market continues to expand on-chain, lending will follow.

By the time of writing, the lending market has grown 58% this year to $45B TVL, which make it the most robust defi sector excluding stablecoins.

Beside @aave with it's 45% dominance, @maplefinance , @eulerfinance , @KaminoFinance and @WildcatFi are seeing impressive growth over the month.

If you are bullish on yield-stable, you should bullish on lending too.