$BTC

Hai friends,

The hashtag #OnChainLendingSurge likely refers to the recent rise in decentralized finance (DeFi) activities, particularly in on-chain lending platforms. Here's an overview of what this might involve:

Key Drivers of the Surge

1. Higher Yields:

On-chain lending platforms like Aave, Compound, and MakerDAO offer competitive yields compared to traditional savings accounts or centralized lending.

2. Increased Adoption of Stablecoins:

Stablecoins like USDC, DAI, and USDT are frequently used as collateral or loan assets, driving liquidity in these markets.