Golden Finance reports that, according to disclosures from Unfolded, as of June 30, Galaxy Research tracking shows that the total outstanding loans in centralized finance (CeFi) reached $17.78 billion. This figure represents a 14.66% increase (i.e., $2.27 billion) from the previous quarter; compared to the bear market low of $7.18 billion in the fourth quarter of 2023, it increased by $10.59 billion, an increase of 147.5%. Based on the amount of outstanding loans, Tether, Nexo, and Galaxy are the top three lenders.