Discover more from Token Terminal
Weekly fundamentals | Charts and trends to watch in crypto
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.