Crypto: Loans Reach Historical Highs
The decentralized finance (DeFi) ecosystem is experiencing an unprecedented growth period, marked by record lending levels and an incessant quest for yield. The Aave V3 protocol is nearing $6 billion in loans, signaling the maturity of DeFi strategies.
In the vast DeFi universe, innovation reigns and the numbers speak for themselves. According to the “On-chain Insights” newsletter from IntoTheBlock, on-chain borrowings have reached an excess of $11 billion, a peak not seen in two years
This dizzying rise is propelled by major players like Ether.fi and Ethena, reports CoinBriefing. Ether.fi’s eETH crypto and Ethena’s USDe crypto dominate with respective amounts of $6.4 billion and $3.2 billion.
Note that eETH, a key component of the EigenLayer ecosystem, now reaches 1.7 million tokens, while Ethena’s USDe crypto ranks among the top four stablecoins. This trend reflects a relentless search for yields and an increased sophistication in investment strategies within DeFi.
