#OnChainLendingSurge

What is on-chain lending?

The on-chain lending market reached a record $20 billion in December 2024.

On-chain lending is online lending that uses separate applications. Cryptocurrency serves as collateral for the loan. Your transaction history is proof of your status.

What does this record mean?

- increased trust in cryptocurrency

- reclaiming a niche for crypto in traditional finance

- development of web3 tools