DeFi Lending Enters a High-Debt Regime as Active Loans Hold Near Cycle Highs

Decentralized finance lending is entering a structurally different phase. Rather than brief leverage spikes tied to market hype, onchain credit is now holding elevated levels across multiple quarters, signaling sustained demand for borrowing and deeper capital engagement across the ecosystem. source: https://www.ethnews.com/defi-lending-enters-a-high-debt-regime-as-active-loans-hold-near-cycle-highs/