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0 -0.00156862745098036 -0.00580392156862744 -0.00431372549019606 -0.00039215686274502 0.0054901960784314 0.00392156862745104 0.0194117647058824
Stock impact report

DeFi lending jumps 55%. Here's why Plasma, Aave and Maple are winning [Yahoo! Finance]

Galaxy Digital Inc. - Class A common stock (GLXY) 
Company Research Source: Yahoo! Finance
The value of loans on decentralised finance protocols surged 55% in the third quarter, driving DeFi lending to a record $41 billion, and clearing the 2021 top by over $4 billion. That's according to a new report by Galaxy Digital shared with DL News , which paints a bullish picture of an onchain credit market entering its strongest phase yet. Galaxy cites the new Plasma ecosystem, lending platform Aave's multi-chain expansion, and institutional onchain platform Maple's renaissance as key drivers of the surge. The report shows a decisive realignment of crypto credit away from centralised lenders and toward transparent, automated onchain systems. DeFi lending applications captured well over 50% of the entire $74 billion crypto-collateralised lending market, their largest share ever. Galaxy noted that traditional trading desks, funds and corporates are re-entering the market now that counterparty risk has normalised more than before and reliable liquidity has returned to the top Show less Read more
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