Ethereum's active lending volume has surpassed $28 billion, a tenfold increase since 2023.
According to data from Token Terminal, the active loan volume of various lending protocols on Ethereum has exceeded 28 billion USD. This figure has increased by about 10 times compared to the low point in January 2023. Active loans refer to the scale of assets currently being borrowed and generating interest, indicating that Ethereum's position as the dominant network for on-chain lending is further consolidated, and its DeFi ecosystem is achieving scaled operations while continuously generating interest income.
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