CryptoQuant data shows that DeFi leverage is gradually decreasing: since August, loan volume on Aave has decreased by about 70% as prices fell and risk appetite weakened.
During the same period of market decline, Nexo recorded a return of loan volume increasing by 155%, reflecting the trend of users borrowing/lending with collateral instead of selling cryptocurrency assets.
MAIN CONTENT
DeFi leverage is weakening according to CryptoQuant data.
Aave: loan volume decreased by about 70% since August.
Nexo: loan volume increased again by 155% during the decline.
DeFi leverage decreases: Aave plummets, Nexo rebounds
CryptoQuant reports that leverage in DeFi has been contracting since August, accompanied by falling prices and lower risk appetite.
In the context of declining prices, lending activity on Aave has decreased by about 70%. This trend shows that the demand for using leverage or opening positions through borrowing in DeFi has significantly cooled, consistent with a more cautious market state.
Conversely, on the Nexo platform, loan volume recovered by 155% during the same decline. This data suggests defensive behavior: users prefer to lend or borrow with collateral to maintain exposure to cryptocurrencies, rather than selling when the market weakens.
Source: https://tintucbitcoin.com/aave-khoi-luong-cho-vay-giam-70-tu-thang-8/
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