While the crypto lending market is still struggling to regain the heights reached during the peak of the 2020–2021 bull run, it has nevertheless been recording strong momentum. As of Q4 2024, the total size of the crypto lending market—including crypto-backed collateral debt position (CDP) stablecoins—stood at $36.5 billion, according to a new report by Galaxy. That marks a 43% decline from the all-time high of $64.4 billion recorded in Q4 2021. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io