#OnChainLendingSurge

The surge in onchain lending can be attributed to the growing demand for decentralized finance (DeFi) solutions. DeFi platforms offer a range of financial services, including lending, borrowing, and trading, without the need for intermediaries.

Onchain lending platforms provide users with the ability to lend their cryptocurrencies to others in exchange for interest. This allows lenders to earn passive income on their digital assets. Borrowers, on the other hand, can access liquidity without having to sell their assets.