DeFi Market Revival: Active Loan Volume Reaches Peak in 2.5 Years

IconCryptoNewsTerminal Staff01 Aug, 2024

cryptonews.jpg

DeFi Market Revival: Active Loan Volume Reaches Peak in 2.5 Years

According to TokenTerminal, a leading crypto market analytics platform, the DeFi market has witnessed a resurgence in activity, with the total value locked (TVL) in DeFi protocols reaching a new all-time high. Notably, the active loan volume has surged to its highest point in 2.5 years, indicating a growing demand for lending and borrowing services in the DeFi space. This recovery signals a renewed confidence in the DeFi market and suggests that it is poised for further growth in the future.