
On-chain lending hits record: DeFi loans top $41B
- —Crypto-collateralized loans reached $73.6 billion in Q3 2025
- —DeFi protocols accounted for 66.9% of the market, with on-chain loans at a record $41 billion
- —Monthly stablecoin lending volume reached $51.7 billion in August 2025
- —Tokenized private credit TVL grew 210% in 2025
Why it matters: The growth of on-chain lending and the shift to RWA collateral strengthen DeFi's role as an alternative to traditional lending.
Source: Crypto Briefing