Wu reported that CryptoQuant data shows the CeFi lending market size decreased by 6% quarter-over-quarter to $23.3 billion in Q2 this year, marking the first contraction since Q3 2024. Among them, Tether's lending business, although down 7% quarter-over-quarter, still holds a 68% market share; Nexo, Maple, and Coinbase are the only three lending institutions that achieved growth. On the other hand, Galaxy and Ledn saw their lending scales decline by 21% and 19% respectively, making them the institutions with the largest declines in this round of deleveraging.

View Original
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
Add a comment
Add a comment
No comments
  • Pinned