Crypto Loan Market Surpasses $61 Billion: CeFi Rebounds, DeFi Explodes

The cryptocurrency market continues its upward trajectory with record-breaking loan volumes reaching over $61 billion. Data suggests that centralized finance (CeFi) is experiencing a resurgence, fueled by attractive rates and post-2022 adjustments to lending offers. Meanwhile, decentralized finance (DeFi) remains dynamic, seeing significant growth but also raises concerns about unsustainable borrowing practices. Despite this rapid expansion, the market faces challenges in maintaining long-term sustainability.