*š DeFi Lending Soars to 3-Year High! š*
DeFi's active loans have reached a new peak, surpassing $24B! šø Confidence is back in the crypto market, and lending is on fire š„.
*š What's Driving Growth?*
Demand for stablecoin liquidity and DEX trading has nearly doubled borrowing rates in under a year š. Aave is dominating the scene, displacing Curve as the leader šŖ.
*š” Key Takeaways*
- Active loans have grown continuously since January 23, with no drawdowns š
- Ethereum supports DeFi lending, with $1B in liquidation positions šø
- Aave leads with $16.9B in active loans and $24.99B in collaterals š
*š New Players Emerging*
- Kamino Lend is making waves with $2B in collaterals and $1.5B in active loans š
- Base ecosystem is growing, with over $1B in active loans š
*š® What's Next?*
DeFi lending is becoming a hallmark of this cycle. With new players like World Liberty Fi joining the scene, the lending landscape is getting more diverse š