CeFi Lending Concentrated Among Tether, Galaxy, and Ledn as DeFi Gains Market Share
Tether, Galaxy, and Ledn are the leaders in centralized finance (CeFi) crypto lending. Combined, they will collectively administer an astounding $9.9 billion in loans outstanding by the end of 2024. This measures up to almost 90% of the whole CeFi market. Decentralized finance (DeFi) platforms are quickly becoming one of...