#OnChainLendingSurge

It refers to a growing trend ⬆️ in decentralized finance💰 (DeFi) platforms that offer lending🪙 and borrowing services directly on blockchain networks. These platforms cut out the middlemen, allowing users to 🚹🚺lend their crypto assets and 💰💰earn interest or borrow funds by providing collateral, all through smart contracts.

Some well-known platforms that allow on-chain lending include Aave, Compound, and MakerDAO. This trend reflects increased adoption of blockchain for financial services.