Token Terminal data show Ethereum’s dominance in on-chain lending as active loans exceed $28 billion. Ethereum continues to dominate the on-chain lending sector, with active loan volumes reaching over $28 billion, according to Token Terminal data. This figure underscores Ethereum’s prominent role in blockchain-based lending markets.
The growth reflects Ethereum’s expanding DeFi footprint and the maturation of on-chain lending protocols, which attract liquidity and enable lending across borders without traditional intermediaries. Token Terminal data underline Ethereum’s position as a market leader in this space.
If on-chain lending continues to scale, Ethereum’s dominance could shape capital allocation in DeFi and traditional finance. Investors will watch liquidity growth, risk management, and protocol innovation as drivers of further expansion.
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