#OnChainLendingSurge #OnChainLendingSurge
On-chain Lending Explodes in 2024, Leading New DeFi Trends
2024 is seeing significant advancements in the crypto world, especially in the on-chain lending sector. With the total value locked (TVL*) in lending protocols reaching $250 billion, the sector is becoming the backbone of the decentralized finance (DeFi) ecosystem.
Increasing adoption of blockchain technology by large enterprises, regulatory stability across countries, and the launch of more efficient cross-chain solutions have created conditions conducive to the growth of on-chain lending. Platforms like Aave, Compound, and new ZK-rollup-based protocols are leading this change by offering low transaction fees, high security, and seamless global access.
One of the exciting trends this year is the emergence of the concept of real-asset lending. Many protocols have begun to link real-world assets such as real estate and securities to the blockchain, allowing users to use the value of these assets as collateral.