Crypto Lending Market Grows to $25B, Transparency Now the Standard
TLDR
- The crypto lending market has reached $25 billion in outstanding loans by Q3 2024, marking a 200% growth since the beginning of the year.
- Tether holds 60% of the market share, with $14.6 billion in outstanding loans as of September 30, 2024.
- CeFi platforms like Nexo and Galaxy have grown significantly, with each holding billions in outstanding loans.
- The crypto lending market has become more transparent with platforms providing public financial reports and data.
- DeFi lending applications have also experienced significant growth, reaching $41 billion in outstanding loans by the end of Q3 2024.
The crypto lending market has surpassed $25 billion in outstanding loans in Q3 2024, according to Galaxy Research. This marks a…
