🚨 BIG PICTURE SIGNAL

Galaxy Research is projecting a major expansion in crypto credit markets.

Key takeaways:

• Futarchy-based DAO treasuries are expected to cross $500M

• Crypto-backed lending could grow past $90B by 2026

• Lending activity is shifting back into growth mode after the 2022–2023 reset

What’s important here isn’t just size it’s structure.

More capital is moving into governance-driven treasuries, on-chain credit, and collateralized lending instead of pure speculation.

This looks less like a hype cycle…

and more like crypto rebuilding its financial layer properly.