Onchain banking liquidity has surpassed $100B for the first time ever.
@aave alone holds $63B worth of deposits, which would rank it among the top 40 largest US-chartered commercial banks, ahead of household names like Barclays ($45B) and Deutsche Bank ($40B).
There is now over $42B active loans onchain, and 9 different protocols with at least $2B in total deposits, including:
Aave ($63B)
@MorphoLabs ($8B)
@sparkdotfi ($7.6B)
@KaminoFinance ($4.5B)
@compoundfinance ($4.1B)
@maplefinance ($3.3B)
@0xfluid ($3.1B)
@eulerfinance ($2.3B)
@VenusProtocol ($2.2B)
And treasury strategies and strategic reserves haven't even begun to deploy.
Buckle up.
h/t @tokenterminal
The state of the current lending and borrowing market:
🏦 major lending protocols including @aave, @MorphoLabs, and @compoundfinance currently service $15B in loans throughout the space
💳 aggregate active loans are down 29% YTD, but are still up 11% from their pre-election levels in November
💵 $38.4B of aggregate liquidity available, up 11% since November, representing a 39% utilization rate.
h/t @tokenterminal
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