CeFi lending market shrinks to $23.3 billion

The size of the CeFi lending market in the fourth quarter of 2024 decreased by 6% month on month to $23.3 billion, marking the first contraction since the third quarter of 2024. Tether has a market share of 68%, while Nexo, Maple, and Coinbase have seen growth in their lending scale. Galaxy's lending scale has decreased by 21%, and Ledn's lending scale has decreased by 19%. （CryptoQuant）