Coinbase Reaches $600 Million in On-Chain Borrowing, Signaling DeFi Expansion

Coinbase has hit a major milestone with its on-chain borrowing activity reaching $600 million as of August 2025. This surge reflects the growing influence of decentralized finance (DeFi) within the broader cryptocurrency market. Experts attribute this growth to the expansion of DeFi applications and increased institutional investment. However, Coinbase also experienced a slight decline in global trading volume despite these gains.