WHAT IS #OnChainLendingSurge ?

#OnChainLendingSurge

The #OnChainLendingSurge is a big trend in the world of cryptocurrency. It’s all about people lending and borrowing money directly on the blockchain, without needing banks or middlemen. This is made possible by special platforms like Aave, Compound, and MakerDAO, which are built to be safe and transparent.

Here’s how it works: If you have crypto, you can lend it to others and earn interest, or you can borrow money using your crypto as collateral. This makes it easier for people to access money when they need it, no matter where they are in the world.

The popularity of on-chain lending is growing because it’s fast, open to everyone, and often gives better returns than traditional banks. However, like anything new, it comes with risks, like technology glitches or changing rules.

Still, this movement shows how blockchain is changing the way we think about money.