Crypto lending is shrinking, but it's not falling apart.
Bitcoin bounced from $58K to $82K before easing back to around $76K this quarter. But the real story is credit: crypto lending dropped 40% from its peak, yet it's happening slowly, not crashing. At the same time, Coinbase and Robinhood are turning stocks like Nvidia and Apple into crypto collateral. Circle just launched a new blockchain backed by BlackRock and Visa.
Onchain lending is changing fast. Here's what it means for crypto's next chapter. 👇