PANews February 5 news, according to research data from CryptoQuant, the borrowing demand in the cryptocurrency market saw a rebound at the beginning of 2026. The stablecoin lending activity on AAVE v3 slightly rebounded after hitting a low in December 2025, with the total lending volume increasing compared to the December low, indicating that market leverage demand is gradually recovering, although the recovery process is rather mild, and the market is still in a cautious rebuilding phase. In addition, the credit activity of the CeFi lending platform Nexo also saw recovery at the beginning of 2026, with loan withdrawals in January reaching $24 million, a month-on-month increase of 9%, but lending activity remains below mid-2025 levels.
The demand for borrowing Ethereum has significantly increased from September 2024 to January 2025. In January 2026, the total amount of ETH borrowed on AAVE v3 reached 1,000,000 ETH, reflecting a 48% month-over-month growth, which is 2.7 times the level in September 2024. The share of ETH in Nexo's collateral has risen from 9% in the second quarter of 2024 to 12%, indicating that ETH holders are more inclined to obtain liquidity through borrowing rather than direct selling, whereas Bitcoin still accounts for 56% of the total collateral.
