#OnChainLendingSurge is trending!
On-chain lending in DeFi is growing rapidly, driven by:
Increased Adoption: Users seek transparency, security, and efficiency in decentralized finance.
Improved Infrastructure: Advances in blockchain tech and smart contracts make lending more accessible.
Competitive Rates: DeFi platforms offer attractive interest rates, drawing both borrowers and lenders.
Decentralized and Permissionless: Global access without intermediaries reduces barriers to entry.
Key players include $AAVE Compound, $MKR and $DYDX . As this trend grows, expect more innovation, adoption, and expansion in the DeFi lending space.