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Galaxy Research: CeFi loan volume drops to $11.2 billion, DeFi dominates the encryption lending market.
Gate.io News bot message, according to the latest research data from Galaxy, the total size of CeFi loan portfolios will reach $11.2 billion by the end of 2024, a decrease of 68% compared to the historical peak of $34.8 billion in 2022.
Among CeFi lending institutions, Tether ranks first in terms of outstanding loan size, followed by Galaxy, Ledn, Coinbase, and Maple.
According to the study, the current overall market size of DeFi and CeFi is about $30 billion. If CDP stablecoins such as DAI are included, the total size is more than $35 billion. It is worth noting that DeFi has accounted for more than 60% of the crypto lending market.
Source: Wu Shuo