Cripto lends 43% of 2021 Highs, Downtime for Lending DeFe 959%

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Cripto lends 43% of 2021 Highs, Downtime for Lending DeFe 959%

The size of the crypto credit markets remains significantly reduced from high than $ 64 billion, but decentralized finance borrowing (defined finance (DEFs) made more than 900% bear recovery on bears of bears.

Crypto lending allows Lenders use their crypts as collateral to get a crypto or fiat loan, while lenders can borrow their farms to create interest.

Market Crypto Loan is over 43%, from their time $ 64.4 billion in 2021. At $ 36.5 billion at the end of the fourth quarter of 2024. Years, according to the galaxy digital research report Posted 14 April.

“The decay can be attributed to decimation of lenders on foreign and resources, individuals and corporate entities on the demand side,” According to Zack Penurik, research associate in Galaxy Digital.

The decline in Lending Market CRIPTO has started 2022. year, the CEFI – CEFI visit, CELSIUS Network, Blokfija and Voiager submitted for bankruptcy within two years as the cryptological estimates were dropped.

Their collective decline led to estimated 78% of collapse in the size of the borrowing market, with CEFI loss loss of 82% of its open borrowings, in accordance with the report.

Although the total value of the crypto credit market has only reached its previous high heights, lending definiteness is a significant recovery in accordance with some metrics.

Defs are borrowed nearly 10 times

The Cripto Lending Market found its bottom to $ 1.8 billion in open borrow during the Bear in the fourth quarter of 2022. Years.

However, the default loan has increased to $ 19.1 billion to 20 credit applications and 12 blocks until the end of 2024. years, represent an increase of 959% compared to the bottom of the market 2022.

“Defa lending has experienced a stronger recovery from that of the CFE loan,” said the Galaxy Digital’s research associate, submissive, adding:

“This can be attributed to the permit nature of the application based on the blockade and survival of the loan application through the chaos market that visited Major Cephi lender.”

“Unlike the largest lenders of CEFI, which are bankrupt and no longer operate, the largest application of borrowing and markets were not all forced to close and continue to function,” he added.

Extraordinary Cephi Lending A collective $ 11.2 billion, which is 68% lower compared to a combined size of $ 34.8 billion in the combined size of the Cefi lender was achieved in 2022. Years.