#OnChainLendingSurge
On-chain lending has been gaining traction lately, and it's interesting to see how it's surging.
The Ethereum Shanghai upgrade, which allowed investors to withdraw staked ETH, has sparked a wave of new deposits, with a clear preference for liquid staking tokens1
According to 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.