brypto

DeFi now comprises more than 60% of crypto lending - first time ever that defi is a larger % of crypto lending instead of CeFi

Great report by @zackpokorny from Galaxy 

The report dives deep into DeFi and other types of lending, mechanics, use cases, and much more

Stay Curious // iixii // Head of Crypto at https://www.lazertechnologies.com/  // Prev: CoinDesk, Roc Nation // based @basedevo

Great report by @zackpokorny from Galaxy 

The report dives deep into DeFi and other types of lending, mechanics, use cases, and much more

https://www.galaxy.com/insights/research/the-state-of-crypto-lending/

Twitter thread from @thorn with more highlights from the report

how big is the crypto lending market? no one has ever really known 

now we do

based on reviews of public filings, bankruptcy documents, and voluntary disclosures from active lenders, the combined CeFi loan book size at YE 2024 was $11.2bn, down 68% from the 2022 ATH of $34.8bn https://t.co/SDceeHxfom

Alex Thorn

head of research at galaxy, former VC at avon ventures, dir. blockchain research at fidelity alexthorn.com

Twitter thread from @thorn with more highlights from the report

https://x.com/intangiblecoins/status/1911839609371414976