@FolksFinance on @Avalanche saw a massive surge in borrowing: $7.7M this week (+2,862%). In under six months, total borrowing hit $76M across 2,000 transactions. USDC dominates (92%), followed by SolvBTC ($2M) and AVAX ($1.98M). Borrowing trends: 39% under $100, 24% over $10K. High-speed, low-fee DeFi with 8-11% APY on AVAX & USDC deposits.

Source:

@FolksFinance on @Avalanche saw a massive surge in borrowing: $7.7M this week (+2,862%). In under six months, total borrowing hit $76M across 2,000 transactions. USDC dominates (92%), followed by SolvBTC ($2M) and AVAX ($1.98M). Borrowing trends: 39% under $100, 24% over $10K. High-speed, low-fee DeFi with 8-11% APY on AVAX & USDC deposits.

Source:https://flipsidecrypto.xyz/yasmin/folks-finance-loan-insights-avax-civvrg