Crypto lending hits a record $73.6bn


Crypto lending hits a record $73.6bn

Crypto lending hit a record $73.6bn in Q3, topping the 2021 high

Crypto‑collateralised lending reached $73.6bn at the end of the third quarter, surpassing the previous high set in 2021, according to a report by Galaxy Research

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Quarterly CeFi and DeFi lending volumes, and quarterly stablecoin debt outstanding. Source: Galaxy Research. 

Analysts say activity has surged, though the market’s quality and structure have shifted markedly since the last peak. A defining feature is the rise of…

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