#OnChainLendingSurge

🔥 On-Chain Lending Hits Record Highs!

The total active loans in the on-chain lending market have surpassed $20 billion, breaking the previous record set in December 2021.

What does this mean?

On-chain lending allows users to borrow and lend crypto directly on the blockchain using smart contracts, with no banks involved.

Why is it important?

This surge signals a renewed interest in DeFi and blockchain-based finance. More people are using crypto not just for holding but for earning passive income and providing liquidity through platforms like Aave and Compound.

DeFi isn’t just surviving — it’s thriving! 🚀

Follow @Cryptolycus for stay ahead!