#OnChainLendingSurge The surge refers to the rapid growth of decentralized lending platforms that utilize blockchain technology for peer-to-peer lending. This surge has been driven by the increasing adoption of decentralized finance (DeFi), where users can lend and borrow assets directly, without intermediaries like banks.

On-chain lending allows for greater transparency, faster transactions, and more accessible financial services, especially in regions with limited banking infrastructure.

The rise of stablecoins, improved smart contract security, and growing investor interest in digital assets have also contributed to this trend. However, risks such as smart contract vulnerabilities and regulatory uncertainty remain key challenges.