EddieJayonCrypto

 19 Dec 23

tl;dr

:Private credit has surged by 55% this year due to elevated interest rates, with blockchain-based financing seeing a notable rebound of over 55% in 2023. Despite crypto loans rising to around $581 million, they remain below last year's peak of nearly $1.5 billion, and blockchain protocols charge les...

Private credit has surged by 55% this year due to elevated interest rates, with blockchain-based financing seeing a notable rebound of over 55% in 2023. Despite crypto loans rising to around $581 million, they remain below last year's peak of nearly $1.5 billion, and blockchain protocols charge less than 10% for these loans, compared to double-digit rates from traditional providers.

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