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Lending Value Growth by Protocol - YTD

Lending Value Growth by Protocol - YTD

September 20th, 2024

Lending Value Growth by Protocol - YTD

With $ 54 Bn in loans since the beginning of this year and 60% growth on last year, the DeFi lending market is not only healthy, it's booming.

Lending activities are expanding across multiple chains and protocols and the industry is poised for considerable growth over the next 5 years.

DeFi lending grew by $ 20 Bn for the year to date when compared to the same period last year.

More than 90% of all lending activity on EVM chains occurred across the 5 protocols.

Defi Loan Value by Protocol

Ethereum is currently the dominant chain for lending with 55.5% of all loans originating on ETH.

Loans on Arbitrum may only constitute 8.8% of borrowed value, but the value of loans on ARB grew by 341% compared to the same period last year!

The DeFi market is poised for unprecedented growth. Is your business on chain yet?

Defi Loan Value by Chain

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