something big is happening in defi lending



$29 billion.

that is how much @aave is lending right now. more than morpho, spark, and every other protocol combined.

but here is the part that caught my attention...

usdc loans on aave have exploded 150% since january.

think about that for a second.

while everyone has been arguing about memecoins and l2s, institutional money has been quietly flooding into the most boring asset possible: usdc.

why would anyone borrow stablecoins at scale?

three possibilities:

→ arbitrage plays we cannot see
→ institutional leverage strategies
→ someone knows something we do not

the chart does not lie. $29b in active loans. that is not retail or yield farming for fun.

that is serious money making serious moves.

what do you think is driving this usdc borrowing surge?

data: @tokenterminal
AAVE-2.24%
MORPHO-1.09%
SPK-6.14%
USDC0.01%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)