The size of the Crypto Linding Market market remains a significant decrease from its height of $ 64 billion, but the decentralized financing (Defi) has made recovery more than 900 % of its lowest level in the bear market.
Empowerment of coding lending Borrowers for their encryption borrowers as a guarantee to obtain an encryption loan or fian, while lenders can loan their possessions to generate interest.
The encryption lending market fell more than 43 %, from its highest level ever 64.4 billion dollars in 2021 to $ 36.5 billion at the end of the fourth quarter of 2024, according to Galaxy digital research a report Posted on April 14.
“This decrease can be attributed to lenders on the side of the supply, money, individuals and corporate entities on the side of demand,” said Zac Bokorn, a researcher at Galaxy Digital.
Events of encryption lending. Source: Galaxy research
The decrease in the coding market began in 2022 when the central lenders (CEFI) Genesis, Celsius Network, BLOCKFI and Voyageer were submitted with bankruptcy within two years with decreased encryption assessments.
Their mass fall led to an estimated 78 % collapse in the volume of the lending market, with CEFI lending 82 % of its open borrowers, according to the report.
While the total value of the encryption lending market has not yet reached its highest levels, Davi has achieved great restoration according to some measures.
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Defi borrowers grow approximately 10 times
The Crypto Linding market was found below at $ 1.8 billion of open borrowers during the bear market in the fourth quarter of 2022.
However, DEFI’s open borrowers rose to $ 19.1 billion via 20 requests for lending and 12 Blockchain by the end of 2024, which represents a 959 % increase over the eight quarters of the market bottom 2022.
“The borrowing of Defi has seen a stronger recovery than the CEFI”.
“This can be attributed to nature without permission for the Blockchain applications and the end of lending applications through the chaos of the bear market that fell on the main CEFI lenders.”
He added: “Unlike the largest lenders of CEFI who succeeded and no longer working, the largest lending and market applications were not forced to close and continued to work.”
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CEFI borrowers are worth $ 11.2 billion, which is 68 % less compared to 34.8 billion dollars in the book size combined for CEFI lenders that were achieved in 2022.
Cefi Linding Market Size by the end of the quarter. Source: Galaxy research
The three largest lenders are CEFI, Tether, Galaxy and LEDN, 88.6 % of the total lending market CEFI and 27 % of the total coding lending market.
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