#NFPCryptoImpact #OnChainLendingSurge

The on-chain lending market has reached new heights, with active loans exceeding $22.85 billion, matching levels from the 2021 peak. This resurgence indicates a growing confidence among investors in decentralized finance (DeFi) protocols, as they increasingly utilize on-chain lending to leverage their positions and enhance returns. Notably, Aave v3 has led this growth, expanding its total value locked from $16.5 billion to $27 billion between November 5 and December 5. This trend underscores the pivotal role of DeFi in the evolving crypto landscape.