Which Assets are being borrowed On-Chain?
September 27th, 2024
Which Assets are being borrowed On-Chain?
Stablecoins are the most popular asset being borrowed on-chain during 2024, constituting 42% of all value borrowed ($ 22.8bn).
Stabelcoins can be broken down into USDC 20% | USDT 15% | DAI 8%.
WETH is the second largest asset being borrowed on-chain at 31% ($ 16.6bn), whilst BNB is the third most popular asset being borrowed at 15% ($ 8bn).
88% of all value borrowed during 2024 is within these (hand emoji upwards) assets.