#OnChainLendingSurge The on-chain lending market has seen remarkable growth, reflecting the growing trust in decentralized financial solutions. The Aave protocol, for example, leads the crypto lending sector, collecting over $307,322,805,3924 million in fees in the last 30 days and holding 64% of the market.
In addition, the value of blockchain-based private loans has doubled over 2022, reaching $307,322,805,395,82 million.
Initiatives such as the launch of the first on-chain fixed income loan by Aave DAO and the introduction of crypto-collateralized lending services by Mercado Bitcoin demonstrate the diversification and maturity of the sector.$BTC