CryptoQuant: In January, the total ETH lending on AAVE v3 reached 1 million ETH, a 48% increase month-over-month.

AAVE6.08%
ETH-1.29%
NEXO0.26%
BTC-0.43%
PANews February 5 News, according to CryptoQuant research data, borrowing demand in the crypto market has rebounded at the beginning of 2026. Stablecoin lending activity on AAVE v3 slightly recovered after hitting a bottom in December 2025, with total lending volume increasing from December's low point, indicating that market leverage demand is gradually recovering, but the rebound is moderate, and the market remains in a cautious rebuilding phase. Additionally, the lending activity on CeFi lending platform Nexo also recovered in early 2026, with January loan withdrawals reaching $24 million, a 9% month-over-month increase, but lending activity still remains below mid-2025 levels.
Ethereum's lending demand significantly increased from September 2024 to January 2025. In January 2026, the total ETH lending on AAVE v3 reached 1 million ETH, a 48% month-over-month increase, 2.7 times the level of September 2024. ETH's share of collateral on Nexo has risen from 9% in Q2 2024 to 12%, indicating that ETH holders prefer to obtain liquidity through borrowing rather than selling directly, while Bitcoin still accounts for 56% of the total collateral.
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