Data: DeFi market lending rates hit a new high since 2022, with Aave seeing a net inflow of $500 million this week

TechFlow reports on December 13 that, according to IntoTheBlock data, as users increasingly use WBTC and WETH as collateral to borrow stablecoins, the DeFi lending market is experiencing a new surge. Lending rates have surpassed 10%, with some platforms reaching as high as 40%, marking the highest levels since the 2022 bull market. Aave, the largest lending protocol on Ethereum, saw a net inflow of $500 million this week.