#OnChainLendingSurge

Could this new on-chain lending all time high be a sign that this bull cycle is reaching it’s end? 🧐

I still believe we will have an altcoin season in 2025 before this bull cycle is over, yet we can’t ignore the historical data. 👇

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.