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#OnChainLendingSurge
On-chain lending market surpasses $20 billion: A historic leap in decentralized finance
According to a recent report, the total active loans in the on-chain lending market have surpassed $20 billion, setting a new record high that surpasses the previous record set in December 2021.
What is on-chain lending?
On-chain lending is a part of decentralized finance (DeFi), where loans are made and received using smart contracts on blockchain networks, without the need for traditional intermediaries such as banks.
On-chain lending market surpasses $20 billion: A historic leap in decentralized finance
According to a recent report, the total active loans in the on-chain lending market have surpassed $20 billion, setting a new record high that surpasses the previous record set in December 2021.
What is on-chain lending?
On-chain lending is a part of decentralized finance (DeFi), where loans are made and received using smart contracts on blockchain networks, without the need for traditional intermediaries such as banks.
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