Crypto Lending Shrinks By 43% In Q4 2024
With Galaxy Digital’s most recent report showing a startling 43% decline in market activity, crypto financing has suffered a major knock in the last quarter of 2024. From roughly $64 billion in Q3 to $36.5 billion in Q4, total outstanding debt dropped. This shrinkage emphasizes increasing caution in the distributed finance (DeFi) sector in view of changing investor mood and more general market instability.
Galaxy Report Highlights Certain Patterns
Analyzing on-chain and off-chain loan activities across centralized and distributed platforms, the Galaxy research presents a depressing view of crypto credit markets. It mostly suggests that the two main causes of the fall are a significant decrease in loan supply and borrowing…
