#OnChainLendingSurge

🚀 Incredible! The on-chain lending has surpassed $20 billion in active loans, breaking its record from December 2021! 🚀

Could this increase signal greater liquidity and elevate cryptocurrency prices? Or are we heading towards a market correction? 🤔

Based on recent data, the stablecoin market has reached a market value of $200 billion, driven by the high yields from on-chain lending⁽¹⁾. Coinbase analysts note that yields on DeFi platforms like Aave and Compound have significantly increased, reaching between 10% and 20% annualized⁽¹⁾.

This increase in liquidity could be a positive indicator for cryptocurrency prices, as more capital is entering the DeFi ecosystem⁽¹⁾. However, it is also important to consider the possibility of a market correction, as high yields may attract speculative investments.

What do you think? Do you believe this increase in on-chain lending will drive cryptocurrency prices up or indicate a market correction? Let me know your thoughts!

[1] Total stablecoin market cap tops $200 billion as onchain lending yields ... (https://tokeninsight.com/en/news/total-stablecoin-market-cap-tops-200-billion-as-onchain-lending-yields-surge)