#OnChainLendingSurge is the boom of loans on decentralized finance (DeFi) platforms that operate on blockchain. Basically, more people are using these platforms to borrow or lend cryptocurrencies without banks involved. Everything works with smart contracts, which are like automatic programs that ensure the rules of the loan. You can put your cryptos as collateral and receive money instantly, usually in other digital currencies or stablecoins. This increase is due to the good yields they offer, the popularity of stablecoins, and improvements to connect different blockchains. Although it is exciting, it also has risks, such as being liquidated if the market changes too quickly.
