Weekly fundamentals | Charts and trends to watch in crypto

December 1st

A walkthrough of the most interesting charts and trends in crypto, with a focus on key business drivers and protocol fundamentals. Let’s dig in!

📉 Total borrowing volume across major lending protocols has declined ~75% from $32B to $8B over the past year

• The crypto lending market has seen a significant downturn in borrowing volume over the past year, with total borrowing volume across major lending protocols declining by 75%.

• MakerDAO is relatively unscathed, with borrowing volumes only dropping by 40% in value over the past year (from $9B to $5.4B).

• Compound’s cDAI borrowing volume was hit particularly hard, decreasing from $3.7B to $202M (-95%) over the past year.

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Read this article in full on tokenterminal.com: https://tokenterminal.com/weekly-fundamentals/54