DATA: DeFi Market Borrowing Rates Hit High Since 2022, Aave Net Inflows Hit $500 Million This Week
On December 13th, the DeFi lending market saw a new boom as users borrowed large amounts of stablecoins using WBTC and WETH as collateral, with lending rates topping 10% and some projects reaching as high as 40%, the highest since the 2022 bull market, according to data. Aave, the largest lending protocol on Ether, saw net inflows of $500 million this week.
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
Data: If ETH falls below $2,886, the cumulative long liquidation intensity on major CEXs will reach $1.206 billions
All three major U.S. stock indexes closed higher, with Intel rising over 10%.
Trending news
MoreCrypto prices
More
