#OnChainLendingSurge The on-chain lending sector has recently experienced significant growth, reaching new milestones in both active loans and market capitalization.

Key Developments:

Active Loans Surpass $20 Billion: Data from Token Terminal indicates that total active loans in the on-chain lending market have exceeded $20 billion, marking an all-time high. This surpasses the previous peak recorded in December 2021.

Stablecoin Market Cap Exceeds $200 Billion: The total market capitalization of stablecoins has reached a record high, surpassing $200 billion. This growth is attributed to investors seeking higher yields available through on-chain lending platforms compared to traditional finance.

Sources : binance , cryptoglobe