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$BTC Here are the top market dominance coins: - *1. Bitcoin (BTC)*: With a market capitalization of $1.888 trillion and a market share of 56.6738%, Bitcoin continues to dominate the market
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$BNB go To moon ๐
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#NFPCryptoImpact The on-chain lending market is experiencing a significant surge, with total active loans reaching an all-time high of over $20 billion, surpassing the previous record set in December 2021 ยน. This growth is driven by the increasing adoption of decentralized finance (DeFi) and the rising demand for stablecoins, which have surpassed a market capitalization of $200 billion. *Key Factors Contributing to the Surge:* - _Transparency and Security_: On-chain lending protocols offer transparency through automated and publicly verifiable smart contracts, providing more trust to users. - _Increased Adoption of Stablecoins_: The demand for stablecoins, such as USDC and DAI, has driven the growth of on-chain lending. - _Protocol Diversification_: Major protocols like Aave, Compound, and MakerDAO continue to expand their offerings, creating a variety of lending products that appeal to both retail and institutional users. *Popular Platforms in the Space:* - Aave: Known for its user-friendly interface and flash loans. - Compound: Offers seamless lending and borrowing options. - MakerDAO: Pioneers in collateralized lending with DAI stablecoins. The on-chain lending surge highlights the growing significance of DeFi in the cryptocurrency ecosystem and its potential to revolutionize traditional lending and borrowing practices
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