CRIPTO LOOKING MARKET LANGUAGE 43% AS CEFI COLAPPS RESHAPES MARKET, SHOW Poll

The total size of crypto lending fell to $ 36.5 billion in K4 2024, more than 40% of its all time in late 2021. Years.

CRIPTO Lending has been left away from its former top at the end of Q4 2024, with analysts on Galaxy Digital Estimates of total credits are outstanding at $ 36.5 billion, it is considerably below 64.4 billion dollars seen at the end of 2021. years. In a Research report 14. April Galaxy Falls credited “a dozen lenders on the supply side and funds, individuals and corporate entities on the demand side.”

Cefini lenders announced the most difficult during the fall 2022-2023. Some of the largest centralized financial funds loan loan “was crumpled in 2022. and 2022. years” as CRIPTO asset prices have broken and “Liquidity on the market has dried up,” Galaxy wrote. Firms like Genesis, Celsius Network, Bloccciand Voyager All submitted for bankruptcy.

Cefi lending was reached at about $ 34.8 billion, but the Bankrothen wave seemed to market from 82% to $ 6.4 billion, according to the data. Three three three Cephe Lenders – Tether, Galaxy and Ledn – held a combined loan book of $ 9.9 billion, or 88.6% of the Cephi market. This compares to K1 2022, when Genesis, Blockfi and Celsius accounted for 76% of the market.

Decentralized financial lending has recovered stronger. Open borrowing 20 lending applications and 12 block billions in K4 2024. Year of $ 19.1 billion, from $ 1.8 billion in K4 2022, in which Galaxy described as a “testament at design and risk management practices.”