Galaxy: Crypto lending falls 40% from peak to $56.16B in orderly deleveraging
- —Outstanding crypto loans fell to $56.16B, down $11.33B (16.78%) quarter-on-quarter
- —DeFi lending dropped 27.61% to $20.43B, while CeFi declined 9.62% to $22.98B
- —CeFi lending volumes exceeded DeFi for the first time since Q3 2023
- —Galaxy, Coinbase and Ledn grew loan volumes even as the broader market shrank
Why it matters: A gradual 40% contraction without platform failures or cascading liquidations signals a maturing market and lower systemic risk.
Source: Crypto Briefing