Dune: 19–21% of tokenized credit assets are pledged in DeFi lending
- —19–21% of tokenized credit assets are pledged in DeFi lending
- —Cash-like assets total $17.8 billion, but only 0.4% went to lending protocols
- —August trading volume of cash-like assets was 0.006% of supply
- —Tokenized asset market grew over 140% YoY to $33.9 billion
Why it matters: Heavy collateral use of credit tokens raises liquidity risks in a downturn if borrowers are tied to crypto firms.
Source: TokenPost