AAVE v3 ETH Lending Reaches 1M ETH in January 2026, Up 48% MoM

ChainCatcher News, according to CryptoQuant research data, the demand for loans in the cryptocurrency market has rebounded in early 2026. Stablecoin lending activities on AAVE v3 have slightly recovered after hitting a bottom in December 2025, with the total lending volume increasing compared to the December low, indicating that market leverage demand is gradually recovering, but the recovery process is relatively mild, and the market is still in a cautious rebuilding phase. In addition, credit activities on the CeFi lending platform Nexo have also recovered in early 2026, with the credit withdrawal amount in January reaching $24 million, a 9% increase from the previous month, but lending activities are still below the levels in mid-2025. The demand for loans on the Ethereum network significantly increased from September 2024 to January 2025. In January 2026, the total ETH loan volume on AAVE v3 reached 1 million ETH, a 48% increase from the previous month, 2.7 times the level in September 2024. The proportion of ETH in Nexo's collateral has increased from 9% in the second quarter of 2024 to 12%, indicating that ETH holders prefer to obtain liquidity through lending rather than directly selling, while Bitcoin still accounts for 56% of the total collateral proportion.