#OnChainLendingSurge
Could this new on-chain lending all time high be a sign that this bull cycle is reaching it鈥檚 end? 馃
I still believe we will have an altcoin season in 2025 before this bull cycle is over, yet we can鈥檛 ignore the historical data. 馃憞
According to binance news recent data from Token Terminal indicates that the total active loans in the on-chain lending market have reached an all-time high, surpassing $20 billion.
The previous record was set in December 2021 and we know that the previous bull cycle ended a few months later in early 2022.