Coinbase On-Chain Borrowing Surges Past $600 Million, Driving DeFi Growth

Coinbase’s on-chain borrowing has soared past the $600 million mark, demonstrating the explosive growth of decentralized finance (DeFi). This surge is fueled by increased user confidence and institutional involvement. Despite a decline in Coinbase’s global trading market share, rising volumes signal ongoing adoption within the industry. Coinbase has been actively expanding its DeFi services with the introduction of Base token trading and upcoming Solana support, further solidifying its position as a bridge between traditional and blockchain finance.