Galaxy reports: Tether, Galaxy and Ledn account for nearly 90% of CeFi's outstanding loans

Crypto 7x24

2025-04-15 22:11:48

1.68W

Online reports, according to CoinDesk, GalaxyResearch reported that the size of the crypto lending market in the fourth quarter of 2024 was US$36.5 billion, down 43% from the peak of the bull market in 2021 of US$64.4 billion. Tether, Galaxy and Ledn hold nearly 90% of the $11.2 billion outstanding loans from the CeFi centralized lending institution, and CeFi loans are down 68% from a peak of $34.8 billion in early 2022.

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