"Bitcoin (BTC) has broken through the $35,000 barrier, marking a significant milestone in its journey towards mainstream adoption. As the world's largest cryptocurrency by market capitalization continues to gain traction, investors and enthusiasts alike are eagerly watching its next move. Will BTC continue its upward trajectory or experience a correction? Only time will tell! #Bitcoin #Crypto #Investing"
#OnChainLendingSurge Onchain lending has been surging, with its market value surpassing $30 billion. This growth is driven by the appeal of bypassing traditional intermediaries like banks and tapping into decentralized finance (DeFi) services ¹.
The total stablecoin market cap has also reached a record high, topping $200 billion, with a 13% increase over the past month. This surge is attributed to investors seeking higher yield opportunities on DeFi platforms, with stablecoin borrowing and lending rates reaching 10-20% annualized on platforms like Aave and Compound ².
Institutional demand is also driving the growth of onchain lending, with a $1.65 billion increase in institutional activity. This trend is reflected in the growth of companies like Ledn, which offers digital asset-backed loans ³.
"Always DYOR (Do Your Own Research) before investing. Markets are volatile, and understanding projects is key to minimizing risks. #Cryptotips #bainancenews
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