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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.
According to IntoTheBlock data, as users increasingly leverage WBTC and WETH as collateral to borrow stablecoins, the DeFi lending market is experiencing a new surge in activity. Lending rates have surpassed 10%, with some protocols reaching as high as 40%, marking the highest levels since the 2022 bull run. Aave, the largest lending protocol on Ethereum, saw a net inflow of $500 million this week.
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