Summary
- According to on-chain data platform Unfolded, virtual asset lending volume recorded an all-time high of $41.5 billion.
- DeFi market expansion and the price recoveries of Bitcoin (BTC) and Ethereum (ETH) have led to increased lending demand.
- Experts pointed out that high volatility has increased the importance of collateral management and risk mitigation strategies.
On the 15th (local time), according to on-chain data platform Unfolded, the scale of assets borrowed through virtual asset (cryptocurrency) lending applications reached $41.5 billion, marking an all-time high.
The virtual asset lending market has rapidly expanded with the growth of DeFi, and, along with recent price recoveries of Bitcoin (BTC) and Ethereum (ETH), lending demand is analyzed to have increased sharply.
Experts pointed out that, as loan demand increases amid high volatility, collateral management and risk mitigation strategies are becoming even more important.
JH Kim
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