Viewpoint: While CeFi lending is decreasing, Decentralized Finance lending is surging

2024-12-16 00:08:14

According to Jinse Caijing, the CEOs of Abra and Arch, who are active in the field of encryption lending, stated that while CeFi lending is decreasing, Decentralized Finance lending is booming. With the promotion of protocols such as Aave v3 and Spark v1, the TVL of lending protocols has reached a new high. Aave v3: From November 5th to December 5th, the TVL of Aave v3 increased from $16.5 billion to $27 billion, becoming the leader of the recovery. Its success is attributed to features such as cross-chain functionality and improved capital efficiency, making it a leader in the Decentralized Finance lending space. Spark v1: This protocol has also achieved significant growth, with its TVL increasing from $4.5 billion to $8 billion in the same period, almost doubling.

DEFI-6.55%

AAVE-0.02%

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