#OnChainLendingSurge Fundamentals of Decentralized Finance (DeFi) have shown notable growth recently. Below is an updated analysis of this market:

Market Growth:

• Total Value Locked (TVL): In the last 30 days, the TVL in on-chain lending platforms has increased by 25%, reaching $13.4 billion. 

• Loan Volume: Comparing the first quarter of 2023 with the same period in 2024, there is an increase of 2025% in loan volume, rising from $3.3 billion to $11.5 billion. 

Driving Factors:

• Increased Adoption: The transparency, security, and decentralization of on-chain platforms have attracted more users.

• Improvements in Infrastructure: Advances in blockchain technology