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MevTeaTime

Base has surged to second place, the multi-chain landscape is truly slowly changing.

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CoinNetwork
Coin World News, according to Blockworks analyst Jack Mandin, Ethereum still dominates the on-chain lending market with an absolute advantage. The total on-chain loan volume on Ethereum is approximately $13 billion, while the total on non-Ethereum chains is around $7 billion. Over the past two years, chains such as BNB, Arbitrum, Solana, Plasma, and Base have alternately taken the second position in the market, with Base currently performing the strongest. Although the total outstanding loans across the network have declined from their peaks, Ethereum has been hit more severely, with a drop of over 60%, while non-Ethereum chain lending has fallen by approximately 48%.
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