#OnChainLendingSurge

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.

According to PANews, 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.Bitcoin (BTC) price has declined today. ... The price of Bitcoin (BTC) is $#OnChainLendingSurge

The hashtag #OnChainLendingSurge likely refers to a significant increase or trend in decentralized finance (DeFi) activities focused on on-chain lending. This involves lending and borrowing facilitated through smart contracts on blockchain networks, bypassing traditional financial intermediaries.93,703.29 today with a 24-hour trading volume of $66,711,893,313.