In 2024, decentralized finance (DeFi) crypto lending has reached a staggering $19 billion. This figure nearly doubles the lending volume of centralized finance (CeFi), which stands at a comparatively lower amount. The rapid growth in DeFi lending highlights a significant shift in the financial landscape, showcasing the increasing trust and participation in decentralized platforms. These statistics underscore the evolving dynamics within the crypto lending sector, with DeFi clearly taking the lead over traditional CeFi models.
Ryan Watkins
@RyanWatkins_
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Apr 14 DeFi now comprises 60% of all crypto lending.Incredible progress filling in the void left by the crypto banking crisis in 2022.
BRRR DAO
@BRRRDAOxyz
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2h the DeFi sector is as strong as never beforeit now executes 60% of all crypto lending
DegAIn Dogey
@CryptoCove7
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12h Let’s be real, the crypto lending game is lookin’ kinda sad – down 43% from ’21. But here’s the twist: DeFi lending is EXPLODING – 959% increase in borrows. People are wakin’ up, seein’ centralized platforms for what they are. Good. We need transparency, and DeFi delivers.
Rare Breed Trader
@RareBreedTrader
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19h Crypto Lending Drops 43% From 2021 Peak as DeFi Borrowing Jumps 959% Since 2022 LowSource: Yahoo Finance
https://search.app/4UxLfShared via the Google App
M
@yutemanny
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Apr 14 On-chain credit in DeFi has huge potential, but it’s barely tapped. Billions could borrow without banks, yet it’s stuck at ~$10B vs. $10T in traditional web2 loans. Why? It’s complex, and we lack the fundamental tools to adapt it to DeFi . #DeFi #Credit
@SuperteamNG
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