Lending sinks, Ethereum losing ground
Crypto lending shrinks 43% since peak
Last week, Galaxy Digital released a report titled The State of Crypto Lending, which examined both centralized and decentralized lending and borrowing across the crypto ecosystem.
We don’t hear as much about decentralized finance (DeFi) anymore, so let’s quickly revisit what it is. DeFi refers to blockchain-based alternatives to traditional financial services like borrowing, lending, and earning yield on deposits. While DeFi has often been lumped…
