Crypto lending is growing thanks to decentralized players

The crypto lending market is rebounding from its 2022 crash, with decentralized platforms leading the charge while centralized players struggle to regain lost ground.

The finding comes from a market analysis report this week from crypto lending platform builder Galaxy, which highlighted significant growth in on-chain lending, even as centralized platforms struggle to return to their previous peaks prior to a major player’s bankruptcy in 2022.

Galaxy, which creates custom centralized finance and decentralized finance products for investors, trading firms, hedge funds and other institutional clients, said in the report that decentralized platforms (DeFi) have led the rebound.

As the name suggests, centralized platform lending or CeFi lending…

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