Galaxy Research: The State of Crypto Lending

> Total size of the crypto lending market as of Q4 2024 including CDP stablecoins is $36.5bn

> The combined CeFi loan book size at YE 2024 was $11.2bn, down 68% from 2022 ATH of $34.8bn

> DeFi open borrows—$19.1B across 20 lending applications and 12 blockchains as of Q4 2024

> The top 3 CeFi lenders as of Q4 2024 include Tether, Galaxy, and Ledn combining for a loan book size of $9.9 billion at the conclusion of Q4 2024👇

https://www.galaxy.com/insights/research/the-state-of-crypto-lending/

Source: https://x.com/intangiblecoins/status/1911839609371414976