Active loans on Ethereum have now exceeded $28 billion, marking an explosive 10× increase since 2023.
This surge highlights the rapid expansion of on-chain credit markets and growing confidence in Ethereum-based lending protocols. As capital efficiency improves and demand for leverage rises, $ETH continues to strengthen its role as the backbone of DeFi activity.
On-chain adoption is accelerating — and lending growth is one of the clearest signals.
ETHUSDT
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