From Cointelegraph

April 14, 2025 09:22 AM:

The crypto lending market has seen a significant decline from its $64 billion peak, but DeFi borrowing has made a 900% recovery from bear market lows. Borrowers can use crypto as collateral for loans, while lenders can earn interest by loaning their holdings. CeFi lenders like Genesis and BlockFi filed for bankruptcy, causing a 78% market collapse. DeFi borrows have grown nearly 10-fold to $19.1 billion, a 959% increase from the 2022 market bottom. CeFi borrows are down to $11.2 billion collectively, 68% lower than their peak in 2022. Tether, Galaxy, and Ledn are the top three CeFi lenders, accounting for 88.6% of the market.

Read more at Cointelegraph: Crypto lending down 43% from 2021 highs, DeFi borrowing surges 959%