Decentralized finance continues to be a focus of interest for the crypto ecosystem, according to the latest available data, DeFi lending has shown growth of over $4 billion so far in 2023.
As of the end of December 2022, the value locked in DeFi loans was estimated to be just over $11 billion. However, by April of this 2023, this figure had increased significantly, reaching 16.89 billion dollars in value blocked. This increase represents a growth of 52% approximately in just 4 months.
History of funds blocked in loan protocols – Source: DeFiLlama
This growth in DeFi loans not only confirms the confidence that users have in this financing alternative, but also reflects the growing adoption of blockchain technologies in the financial world. DeFi continues to expand at a breakneck pace and its growth is expected to continue for the foreseeable future.
Despite these figures, it is necessary to remember that it is far from the historical maximum of value blocked in the loan protocols, which according to the data shown by the same portal, was in April 2022, when it arrived at the 54 billion dollars.
In these terms, the increase of these 4 billion dollars so far this year is a sign of sustained growth. The launch of multiple protocols show DeFi as a financial alternative, in which users can access loans in a decentralized, fast, secure manner and without the limitations imposed by traditional financial institutions.
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