Ethereum continues to lead the onchain lending sector, with roughly $28 billion in active loans, according to Token Terminal data. This momentum underscores Ethereum’s dominance in DeFi lending ecosystems. That figure is nearly ten times greater than any other blockchain network. The data highlight Ethereum’s prominent position in onchain finance and DeFi lending markets.
Ethereum remains at the forefront of onchain lending, with roughly $28 billion in active loans, per Token Terminal. This momentum underscores Ethereum’s dominance in DeFi lending markets. The $28B figure is nearly ten times higher than any competing network, highlighting Ethereum’s leading role in onchain finance and DeFi lending ecosystems. As a result, Ethereum’s onchain lending position reflects its broader influence across DeFi markets.
As DeFi activity expands, Ethereum’s lead could attract more developers and capital to its lending protocols. Conversely, rival networks are advancing scaling and interoperability to narrow the gap.
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