#OnChainLendingSurge

!!! $20 Billion in Active Loans !!!

Currently, On-chain lending has seen a remarkable increase in active loans by passing $20 Billion amount in active loans, breaking all previous records.

In this regard, platforms like $AAVE and #Ether.fi are leading from the front, with only Aave's V3 protocol has actively nearing $6 billion in loans. Ether.fi's eETH and Ethena's USDe have seen substantial growth.