#OnChainLendingSurge The on-chain lending market has recently experienced a significant surge, with total active loans reaching record highs. Data from Token Terminal indicates that active loans have surpassed $20 billion, breaking the previous record set in December 2021.

This growth reflects increased confidence among borrowers in the decentralized finance (DeFi) ecosystem, with many seeking gains through collateral-based loans. Notably, Aave's V3 protocol is nearing a milestone of $6 billion in borrowed funds, leading the sector.

The rise in on-chain lending is also supported by a larger pool of stablecoins, enhancing liquidity and enabling more extensive lending activities. This expansion has contributed to the overall growth and maturity of the DeFi market, indicating a robust and evolving financial ecosystem.