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$BTC Based on the chart, it appears that BTC/USDT is currently in a bearish trend. The price has been declining, and the technical indicators suggest further downward pressure. However, it's important to note that the market is volatile, and prices can change quickly.it is possible that if btc hits 90000 , it will further go down 3500-3000
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On-chain lending has soared past $20 billion in active loans!!!” #OnChainLendingSurge This means that the total value of loans issued and currently active in decentralized finance (DeFi) platforms using blockchain technology (referred to as "on-chain lending") has surpassed $20 billion. Here is an analysis of the implications of the information provided: 1.) On-Chain Lending: This term pertains to the lending and borrowing activities that take place directly on a blockchain, including networks like Ethereum, Solana, and others. In contrast to conventional lending methods employed by banks, on-chain lending leverages smart contracts to automate and regulate the lending process. Borrowers are able to secure loans by presenting collateral, such as cryptocurrency, while lenders can generate interest by supplying capital. 2.) $20 Billion in Active Loans: This figure represents the total outstanding amount of loans that have been issued via on-chain lending platforms. The phrase "active loans" refers to those loans that are currently being repaid or utilized, as opposed to those that have been fully settled or liquidated. 3.) Surpassing December 2021 Record: The $20 billion figure exceeds the previous high recorded in December 2021, indicating a significant expansion in the on-chain lending market since that time. This increase may be attributed to a growing number of users engaging with decentralized finance platforms, rising cryptocurrency valuations, or a broader growth within the DeFi sector. Summary: The expansion of on-chain lending is noteworthy as it underscores the rising acceptance of decentralized financial services. In traditional finance, banks serve as intermediaries for loans, whereas in the decentralized realm, blockchain-based platforms facilitate direct lending and borrowing between individuals, often without a central authority. This shift can result in more efficient, borderless financial services, potentially offering higher interest rates for lenders and reduced borrowing costs for borrowers.
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close😂
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close when btc starts rising
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