Q2 Sees Crypto Loans Fall 16.78% to $56.16 Billion
Crypto-collateralised loans declined by 16.78% in Q2 to $56.16 billion, according to Galaxy Research.
This drop suggests that borrowers are reducing their leverage, while stablecoin activity remains high.
Aave still dominates the DeFi lending market, holding 47.7% of active loans, which shows demand is concentrated in this area.