This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
A new Galaxy report reveals that decentralized finance (DeFi) lending has surged to $19.1 billion in 2024, nearly doubling centralized finance (CeFi) loans. The crypto lending market, excluding CDP stablecoins, stood at $30 billion, with Tether, Galaxy, and Ledn dominating CeFi.
- DeFi lending surged 959% since 2022, reaching $19.1B in Q4 2024, while CeFi loans totaled $9.9B.
- Tether, Galaxy, and Ledn dominate CeFi lending, holding 88.6% of the sector ($9.9B).
- DeFi's growth is driven by cross-chain liquidity, smart contract transparency, and automated protocols like Aave and Compound.
📎 Related coverage from: cryptoslate.com