#OnChainLendingSurge On-chain financing, also known as decentralized or crypto lending, is a form of lending that is applied for and obtained on the blockchain. In other words, rather than going through a traditional financial institution, businesses take out loans directly from crypto investors. To do this, they deposit their crypto assets as collateral and present their transaction histories to lenders.

On-chain financing is accessible to all Web3 projects that have been excluded from the traditional banking system. This type of lending also offers several advantages to borrowers, including the ability to directly access the borrowers’ transaction history, etc. Similarly, businesses can use their crypto assets as collateral, regardless of their borrowing capacity.