Crypto lending down 43% from 2021 highs, DeFi borrowing surges 959%

The crypto lending market’s size remains significantly down from its $64 billion high, but decentralized finance (DeFi) borrowing has made an over 900% recovery from bear market lows. Crypto lending enables borrowers to use their crypto holdings as collateral to obtain a crypto or fiat loan, while lenders can loan their holdings to generate interest. The crypto lending market is down over $43%, from its all-time high of $64. 4 billion in 2021 to a total of $36 source: https://cointelegraph.com/news/crypto-lending-down-43-2021-highs-defi-borrowing-recovers-959?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound