#Ethereum DeFi Lending Hits a New Milestone
According to Token Terminal data, Ethereum’s active loans have exceeded $28 billion, marking an almost 10× increase since 2023.
This growth reflects:
Rising on-chain borrowing demand
Deeper liquidity across Ethereum-based lending protocols
Strong confidence in Ethereum’s DeFi infrastructure
The data highlights Ethereum’s continued leadership as the primary settlement layer for decentralized lending activity.
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