Data: The lending rate in the DeFi market has reached a new high since 2022, with Aave seeing a net inflow of funds reaching 500 million US dollars this week
According to IntoTheBlock data, with users extensively using WBTC and WETH as collateral for borrowing stablecoins, the DeFi lending market has welcomed a new wave of popularity. The lending rate has broken through 10%, with some projects reaching up to 40%, setting a new high since the bull market in 2022. The largest lending protocol on Ethereum, Aave, had a net inflow of funds reaching $500 million this week.
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