Galaxy Report: Tether, Galaxy, and Ledn account for nearly 90% of the outstanding loans in CeFi
ChainCatcher news, according to CoinDesk, Galaxy Research reports that the size of the crypto lending market in Q4 2024 is $36.5 billion, a 43% decrease from the peak of $64.4 billion during the 2021 bull market.
Tether, Galaxy, and Ledn hold nearly 90% of the $11.2 billion in outstanding loans from CeFi centralized lending institutions, with CeFi loans down 68% from the peak of $34.8 billion in early 2022.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
