Here are some recent statistics on the DeFi lending and borrowing market:
Total Value Locked (TVL): As of March 2023, the TVL in DeFi lending and borrowing protocols is over $120 billion USD, according to DeFi Pulse.
Popular Protocols: The most popular DeFi lending and borrowing protocols by TVL include Aave, Compound, MakerDAO, and Curve.
Interest Rates: Interest rates on DeFi lending and borrowing platforms can vary widely. As of March 2023, the average interest rate for borrowing stablecoins on Aave is around 3% APY, while the average interest rate for lending stablecoins on Compound is around 6% APY.
While Fintoch has a fixed interest rate of lending at 1% daily and borrowing rate of 2% daily rate.
Borrowers vs Lenders: According to data from DeFi Pulse, as of March 2023, there are around 220,000 active borrowers and 840,000 active lenders on DeFi lending and borrowing platforms. This data did not include data from Fintoch yet as they just started in 2022.
Growth: The DeFi lending and borrowing market has grown rapidly in recent years, with the TVL increasing from around $1 billion in 2019 to over $120 billion as of March 2023.
Overall, the DeFi lending and borrowing market has experienced explosive growth in recent years, driven by the increasing popularity of decentralized finance and the demand for more efficient and transparent lending and borrowing options.
