#OnChainLendingSurge In early March 2024, the cryptocurrency market experienced a significant surge, with Bitcoin reaching an all-time high. This increase was attributed to factors such as enthusiasm for Bitcoin exchange-traded funds (ETFs) listed on the U.S. stock market, stabilization of interest rates by the U.S. Federal Reserve, and the anticipation of Bitcoin's mining reward halving.

Despite this price surge, the on-chain utility of blockchains did not show significant changes. Metrics like Stickiness and Retention, which indicate network activity and user engagement with decentralized applications (dApps), remained relatively stable. This suggests that the appeal of dApps within these blockchains did not notably improve during this period.