Galaxy Report: Tether, Galaxy, and Ledn account for nearly 90% of CeFi outstanding loans
according to CoinDesk, a report from GalaxyResearch stated that the size of the encrypted lending market in the fourth quarter of 2024 was $36.5 billion, a 43% decrease from the peak of $64.4 billion during the bull market in 2021. Tether, Galaxy, and Ledn hold nearly 90% of the $11.2 billion in outstanding loans from centralized lending institutions in CeFi. CeFi loans have decreased by 68% from the peak of $34.8 billion in early 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
$795 million vanishes in a week in the crypto chaos
SEC vs. Ripple Appeal on Hold for 60 Days—Case Nearing Final Chapter?

Trump: Huang Renxun is my friend and I am not worried about him
Trending news
MoreCrypto prices
More








