📉👀 CQ: Total CeFi loan volume fell 6% quarter-over-quarter to $23.3 billion in Q1, marking the first industry-wide decline since Q3 2024.


Market share shifted toward Maple (#MPL), Nexo (#NEXO) and Coinbase (#COIN), which grew by 1.0%, 0.5%, and 0.7% respectively over the quarter.
In the rest of the sector, loan portfolios contracted, primarily driven by Galaxy Digital (-21%) and Ledn (-19%), while Tether’s loan portfolio declined by 7%.
NEXO7.17%
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