#OnChainLendingSurge The on-chain lending market has experienced notable growth, surpassing $20 billion in active loans, breaking its previous record from December 2021.

This increase suggests greater liquidity and confidence in the decentralized finance (DeFi) ecosystem.

In 2024, decentralized finance has received a significant influx of capital, raising the total value locked (TVL) by 75.1% so far this year, reaching $94.9 billion.

This growth is attributed to the high interest rates offered by DeFi protocols like Aave and Compound, with stablecoin borrowing and lending rates reaching 10%.

This boom in on-chain lending reflects the growing adoption and confidence in DeFi platforms, solidifying their role in the current financial ecosystem.

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